Standard Motor Products, Inc. (NYSE:SMP) – Equities research analysts at FBR & Co lowered their FY2017 EPS estimates for Standard Motor Products in a report issued on Friday. FBR & Co analyst C. Horn now forecasts that the auto parts company will post earnings of $2.73 per share for the year, down from their previous forecast of $3.00. FBR & Co has a “Hold” rating and a $48.00 price objective on the stock. FBR & Co also issued estimates for Standard Motor Products’ Q4 2017 earnings at $0.45 EPS, Q1 2018 earnings at $0.70 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.03 EPS and FY2018 earnings at $3.35 EPS.

Several other brokerages have also weighed in on SMP. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price objective on shares of Standard Motor Products in a report on Wednesday, August 9th. BidaskClub lowered Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.00.

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Shares of Standard Motor Products (SMP) opened at 45.35 on Monday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.90 and a beta of 1.80. The company’s 50 day moving average price is $47.14 and its 200 day moving average price is $48.62. Standard Motor Products has a 52-week low of $43.29 and a 52-week high of $55.37.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). Standard Motor Products had a net margin of 4.97% and a return on equity of 13.68%. The business had revenue of $281.06 million during the quarter, compared to analyst estimates of $301.31 million. During the same period in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Standard Motor Products by 0.6% in the 1st quarter. Legal & General Group Plc now owns 33,915 shares of the auto parts company’s stock valued at $1,666,000 after buying an additional 215 shares during the period. Principal Financial Group Inc. increased its stake in shares of Standard Motor Products by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 165,662 shares of the auto parts company’s stock valued at $8,140,000 after buying an additional 5,434 shares during the period. BlackRock Inc. increased its stake in shares of Standard Motor Products by 65,269.9% in the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock valued at $122,033,000 after buying an additional 2,479,605 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Standard Motor Products by 27.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 151,605 shares of the auto parts company’s stock valued at $7,917,000 after buying an additional 32,717 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Standard Motor Products by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 141,137 shares of the auto parts company’s stock valued at $7,371,000 after buying an additional 4,058 shares during the period. 78.41% of the stock is owned by institutional investors.

In other Standard Motor Products news, VP Thomas Tesoro sold 3,950 shares of Standard Motor Products stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $47.91, for a total value of $189,244.50. Following the completion of the transaction, the vice president now owns 29,026 shares in the company, valued at approximately $1,390,635.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric Sills sold 1,060 shares of Standard Motor Products stock in a transaction on Monday, October 9th. The shares were sold at an average price of $48.59, for a total value of $51,505.40. The disclosure for this sale can be found here. Insiders have sold a total of 105,443 shares of company stock valued at $4,744,091 in the last 90 days. 6.60% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. Standard Motor Products’s dividend payout ratio (DPR) is presently 32.20%.

Standard Motor Products Company Profile

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

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

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