Standard Motor Products (SMP) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Standard Motor Products (NYSE:SMP) issued its quarterly earnings data on Monday. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.07, StockRatingsNetwork.com reports. The company had revenue of $218.70 million for the quarter, compared to the consensus estimate of $194.06 million.
Standard Motor Products (NYSE:SMP) opened at 32.16 on Monday. Standard Motor Products has a 1-year low of $23.91 and a 1-year high of $39.99. The stock has a 50-day moving average of $33.38 and a 200-day moving average of $33.26. The company has a market cap of $743.1 million and a P/E ratio of 15.42.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders 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 1.62%. The ex-dividend date is Thursday, February 13th. This is a boost from Standard Motor Products’s previous quarterly dividend of $0.11.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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