Analysts Expect Standard Motor Products, Inc. (NYSE:SMP) Will Announce Earnings of $0.80 Per Share

Equities research analysts expect Standard Motor Products, Inc. (NYSE:SMP) to post earnings per share of $0.80 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Standard Motor Products’ earnings. Standard Motor Products posted earnings per share of $0.74 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Standard Motor Products will report full-year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.88 to $2.97. For the next year, analysts expect that the company will post earnings of $3.33 per share, with EPS estimates ranging from $3.15 to $3.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Standard Motor Products.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.03). Standard Motor Products had a return on equity of 13.02% and a net margin of 4.24%. The firm had revenue of $283.80 million during the quarter, compared to analysts’ expectations of $278.13 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year.

SMP stock traded down $0.10 during mid-day trading on Thursday, reaching $44.71. The company had a trading volume of 51,091 shares, compared to its average volume of 82,282. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 0.62. The stock has a market cap of $1.01 billion, a P/E ratio of 17.53, a PEG ratio of 1.39 and a beta of 1.10. The business has a 50 day moving average of $44.44. Standard Motor Products has a 12 month low of $42.03 and a 12 month high of $56.54.

In other Standard Motor Products news, Director Pamela Forbes Lieberman sold 4,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.23, for a total value of $196,920.00. Following the transaction, the director now directly owns 64,874 shares in the company, valued at approximately $3,193,747.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas Tesoro sold 7,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $44.25, for a total transaction of $309,750.00. Following the transaction, the vice president now owns 24,121 shares in the company, valued at $1,067,354.25. The disclosure for this sale can be found here. Insiders sold a total of 32,536 shares of company stock worth $1,494,933 over the last 90 days. Insiders own 6.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Standard Motor Products by 2.8% in the fourth quarter. BlackRock Inc. now owns 3,000,644 shares of the auto parts company’s stock worth $145,320,000 after buying an additional 82,762 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of Standard Motor Products by 62.2% in the first quarter. Tributary Capital Management LLC now owns 368,583 shares of the auto parts company’s stock worth $18,097,000 after buying an additional 141,343 shares during the last quarter. Boston Partners raised its holdings in shares of Standard Motor Products by 1.1% in the first quarter. Boston Partners now owns 320,118 shares of the auto parts company’s stock worth $15,717,000 after buying an additional 3,460 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Standard Motor Products by 6.9% in the first quarter. Copeland Capital Management LLC now owns 294,043 shares of the auto parts company’s stock worth $14,438,000 after buying an additional 18,976 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Standard Motor Products by 0.5% in the first quarter. Rockefeller Capital Management L.P. now owns 268,110 shares of the auto parts company’s stock worth $13,164,000 after buying an additional 1,435 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

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Earnings History and Estimates for Standard Motor Products (NYSE:SMP)

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