Standard Motor Products (NYSE:SMP) Issues Quarterly Earnings Results

Standard Motor Products (NYSE:SMP) announced its quarterly earnings data on Thursday. The auto parts company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10, Zacks reports. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%.

Standard Motor Products Stock Performance

SMP traded down $1.56 during trading on Thursday, hitting $28.75. The stock had a trading volume of 206,209 shares, compared to its average volume of 105,184. The company has a 50 day moving average price of $30.94 and a 200-day moving average price of $31.79. The firm has a market cap of $624.51 million, a price-to-earnings ratio of 17.75 and a beta of 0.52. Standard Motor Products has a one year low of $26.09 and a one year 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, February 14th. Standard Motor Products’s payout ratio is 76.54%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st.

Insiders Place Their Bets

In related news, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $34.11, for a total transaction of $161,340.30. Following the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. The trade was a 9.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.00% of the company’s stock.

About Standard Motor Products

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.