Standard Motor Products (SMP) Scheduled to Post Earnings on Wednesday

Standard Motor Products (NYSE:SMP) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Standard Motor Products to post earnings of $1.09 per share for the quarter.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. The business had revenue of $389.80 million for the quarter, compared to analysts’ expectations of $365.60 million. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. On average, analysts expect Standard Motor Products to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Standard Motor Products Stock Up 1.0 %

Shares of NYSE SMP traded up $0.30 during mid-day trading on Monday, hitting $29.55. The company had a trading volume of 1,688 shares, compared to its average volume of 154,345. The company has a market capitalization of $641.53 million, a PE ratio of 16.89 and a beta of 0.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93. Standard Motor Products has a 1-year low of $26.09 and a 1-year high of $41.71. The business’s 50-day simple moving average is $31.80 and its 200 day simple moving average is $30.94.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Thursday, August 15th. Standard Motor Products’s payout ratio is currently 66.29%.

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.