Q3 2024 EPS Estimates for Standard Motor Products, Inc. Reduced by Analyst (NYSE:SMP)

Standard Motor Products, Inc. (NYSE:SMP) – Roth Capital reduced their Q3 2024 earnings per share (EPS) estimates for Standard Motor Products in a note issued to investors on Tuesday, August 6th. Roth Capital analyst S. Stember now expects that the auto parts company will post earnings of $1.11 per share for the quarter, down from their prior forecast of $1.31. The consensus estimate for Standard Motor Products’ current full-year earnings is $2.99 per share. Roth Capital also issued estimates for Standard Motor Products’ Q4 2024 earnings at $0.49 EPS, FY2024 earnings at $3.02 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $3.42 EPS.

Separately, Roth Mkm reissued a “buy” rating and issued a $42.00 target price on shares of Standard Motor Products in a research report on Thursday, May 23rd.

Standard Motor Products Stock Down 1.0 %

Shares of NYSE SMP opened at $29.95 on Wednesday. The firm has a market cap of $653.36 million, a price-to-earnings ratio of 21.55 and a beta of 0.52. The company has a quick ratio of 0.92, a current ratio of 2.46 and a debt-to-equity ratio of 0.31. Standard Motor Products has a 52-week low of $26.09 and a 52-week high of $41.71. The business’s 50 day moving average is $29.54 and its two-hundred day moving average is $32.57.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, August 1st. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The company had revenue of $389.80 million for the quarter, compared to analyst estimates of $365.60 million. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 earnings per share.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, August 15th. Standard Motor Products’s dividend payout ratio is currently 83.45%.

Institutional Trading of Standard Motor Products

A number of large investors have recently modified their holdings of SMP. Dimensional Fund Advisors LP increased its holdings in Standard Motor Products by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,492,360 shares of the auto parts company’s stock valued at $59,411,000 after buying an additional 31,688 shares during the last quarter. Vanguard Group Inc. increased its holdings in Standard Motor Products by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after buying an additional 49,905 shares during the last quarter. Azarias Capital Management L.P. purchased a new position in Standard Motor Products in the second quarter valued at $11,197,000. Charles Schwab Investment Management Inc. increased its holdings in Standard Motor Products by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 361,255 shares of the auto parts company’s stock valued at $14,382,000 after buying an additional 13,101 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Standard Motor Products by 19.5% in the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock valued at $9,399,000 after buying an additional 55,327 shares during the last quarter. Hedge funds and other institutional investors own 81.26% 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.