Standard Motor Products (NYSE:SMP - Get Free Report) released its quarterly earnings results on Thursday. The auto parts company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.10, Zacks reports. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business had revenue of $343.35 million during the quarter, compared to analysts' expectations of $292.50 million.
Standard Motor Products Stock Performance
Shares of SMP traded down $0.53 during mid-day trading on Monday, hitting $28.00. 221,168 shares of the company's stock were exchanged, compared to its average volume of 112,079. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Standard Motor Products has a 52 week low of $26.09 and a 52 week high of $35.92. The stock's 50-day simple moving average is $30.86 and its 200-day simple moving average is $31.79. The firm has a market cap of $608.22 million, a price-to-earnings ratio of 17.28 and a beta of 0.52.
Standard Motor Products Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.14%. Standard Motor Products's payout ratio is presently 100.81%.
Insider Activity at Standard Motor Products
In related news, VP Ray Nicholas sold 4,730 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $34.11, for a total value of $161,340.30. Following the transaction, the vice president now owns 46,385 shares in the company, valued at approximately $1,582,192.35. This trade represents a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Separately, StockNews.com upgraded Standard Motor Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 31st.
Read Our Latest Research Report on Standard Motor Products
Standard Motor Products Company Profile
(
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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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