Standard Motor Products (NYSE:SMP - Get Free Report) issued its quarterly earnings data on Wednesday. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.19, Briefing.com reports. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The business had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. During the same period in the prior year, the company posted $1.11 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year.
Standard Motor Products Price Performance
SMP traded down $1.91 during trading on Thursday, reaching $32.19. The stock had a trading volume of 238,231 shares, compared to its average volume of 155,998. The firm has a market capitalization of $698.84 million, a price-to-earnings ratio of 18.32 and a beta of 0.51. The company has a quick ratio of 0.93, a current ratio of 2.46 and a debt-to-equity ratio of 0.31. Standard Motor Products has a 1-year low of $26.09 and a 1-year high of $41.71. The stock has a 50 day moving average of $31.78 and a two-hundred day moving average of $30.92.
Standard Motor Products Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.60%. Standard Motor Products's dividend payout ratio (DPR) is 66.29%.
About Standard Motor Products
(
Get Free Report)
Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.
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