Standard Motor Products, Inc. (NYSE:SMP - Free Report) - Research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for Standard Motor Products in a research note issued on Thursday, March 20th. Zacks Research analyst R. Department expects that the auto parts company will post earnings of $4.23 per share for the year. The consensus estimate for Standard Motor Products' current full-year earnings is $3.08 per share.
Separately, StockNews.com cut shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd.
Check Out Our Latest Stock Report on SMP
Shares of Standard Motor Products stock opened at $25.71 on Monday. The firm's fifty day simple moving average is $29.72 and its 200-day simple moving average is $31.30. The stock has a market capitalization of $562.16 million, a price-to-earnings ratio of 15.87 and a beta of 0.50. Standard Motor Products has a 12 month low of $25.66 and a 12 month high of $35.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82.
Standard Motor Products (NYSE:SMP - Get Free Report) last announced its earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The business had revenue of $343.35 million for the quarter, compared to analyst estimates of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.51%. Standard Motor Products's payout ratio is 100.81%.
In related news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total value of $299,336.00. Following the transaction, the executive vice president now directly owns 56,860 shares in the company, valued at $1,546,592. This trade represents a 16.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.00% of the company's stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC grew its position in Standard Motor Products by 3.1% in the 4th quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company's stock valued at $400,000 after buying an additional 383 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Standard Motor Products by 5.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company's stock worth $292,000 after purchasing an additional 446 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Standard Motor Products by 20.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock worth $82,000 after purchasing an additional 453 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Standard Motor Products by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,900 shares of the auto parts company's stock worth $369,000 after purchasing an additional 469 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Standard Motor Products by 1.2% during the 4th quarter. Barclays PLC now owns 49,118 shares of the auto parts company's stock worth $1,521,000 after purchasing an additional 596 shares in the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.
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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