What is Zacks Research’s Forecast for SMP FY2024 Earnings?

Standard Motor Products, Inc. (NYSE:SMP) – Analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Standard Motor Products in a report issued on Wednesday, November 20th. Zacks Research analyst L. Shahu now anticipates that the auto parts company will earn $3.08 per share for the year, up from their previous estimate of $3.00. The consensus estimate for Standard Motor Products’ current full-year earnings is $3.03 per share. Zacks Research also issued estimates for Standard Motor Products’ Q4 2024 earnings at $0.37 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $3.42 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.22 EPS and FY2026 earnings at $3.72 EPS.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. During the same period last year, the firm earned $1.11 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.

Standard Motor Products Stock Performance

Shares of NYSE:SMP opened at $32.04 on Friday. Standard Motor Products has a 1 year low of $26.09 and a 1 year high of $41.71. The stock has a market capitalization of $695.84 million, a price-to-earnings ratio of 19.78 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The company’s 50 day simple moving average is $32.26 and its 200 day simple moving average is $31.03.

Standard Motor Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.62%. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Insider Activity at Standard Motor Products

In other news, CEO Eric Sills sold 1,721 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total transaction of $60,183.37. Following the sale, the chief executive officer now directly owns 175,651 shares in the company, valued at approximately $6,142,515.47. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dale Burks sold 1,722 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total value of $60,201.12. Following the completion of the transaction, the executive vice president now directly owns 67,865 shares of the company’s stock, valued at $2,372,560.40. This represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,454 shares of company stock valued at $225,701 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Standard Motor Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in Standard Motor Products in the second quarter valued at $25,000. Gladius Capital Management LP acquired a new stake in shares of Standard Motor Products in the second quarter valued at about $30,000. GAMMA Investing LLC raised its position in shares of Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 549 shares during the last quarter. FMR LLC boosted its holdings in Standard Motor Products by 64.6% in the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock valued at $58,000 after acquiring an additional 685 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in Standard Motor Products in the third quarter valued at approximately $73,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

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.