Standard Motor Products (SMP) Scheduled to Post Quarterly Earnings on Monday
Standard Motor Products (NYSE:SMP) is scheduled to announce its Q413 earnings results on Monday, February 24th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $194.06 million for the quarter.
Shares of Standard Motor Products (NYSE:SMP) opened at 31.91 on Friday. Standard Motor Products has a 52-week low of $23.91 and a 52-week high of $39.99. The stock has a 50-day moving average of $33.49 and a 200-day moving average of $33.28. The company has a market cap of $737.3 million and a P/E ratio of 15.03.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, February 13th. This is a positive change from Standard Motor Products’s previous quarterly dividend of $0.11.
SMP has been the subject of a number of recent research reports. Analysts at McLean Capital Management downgraded shares of Standard Motor Products from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. On a related note, analysts at FBR Capital Markets initiated coverage on shares of Standard Motor Products in a research note on Friday, January 10th. They set a “market perform” rating and a $38.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Standard Motor Products in a research note on Friday, November 29th. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.00.
Standard Motor Products, Inc (NYSE:SMP) is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry, with a focus on the original equipment service market.
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