FY2027 Earnings Estimate for SMP Issued By Zacks Research

Standard Motor Products, Inc. (NYSE:SMP) – Investment analysts at Zacks Research issued their FY2027 earnings estimates for Standard Motor Products in a research report issued on Thursday, March 20th. Zacks Research analyst R. Department expects that the auto parts company will earn $4.23 per share for the year. The consensus estimate for Standard Motor Products’ current full-year earnings is $3.08 per share.

Separately, StockNews.com cut shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Standard Motor Products Stock Performance

SMP stock opened at $26.16 on Monday. The company has a market cap of $571.95 million, a P/E ratio of 16.15 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. Standard Motor Products has a 1 year low of $25.66 and a 1 year high of $35.92. The stock’s fifty day moving average price is $29.64 and its 200-day moving average price is $31.26.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $343.35 million during the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%.

Hedge Funds Weigh In On Standard Motor Products

Several institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in Standard Motor Products in the fourth quarter worth about $753,000. Geode Capital Management LLC lifted its holdings in shares of Standard Motor Products by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company’s stock worth $16,115,000 after acquiring an additional 27,210 shares during the last quarter. State Street Corp grew its holdings in Standard Motor Products by 2.6% during the 3rd quarter. State Street Corp now owns 783,593 shares of the auto parts company’s stock valued at $26,015,000 after purchasing an additional 19,652 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Standard Motor Products during the 3rd quarter worth approximately $3,876,000. Finally, Intech Investment Management LLC increased its stake in Standard Motor Products by 274.6% in the 3rd quarter. Intech Investment Management LLC now owns 37,119 shares of the auto parts company’s stock worth $1,232,000 after buying an additional 27,210 shares during the period. Institutional investors own 81.26% of the company’s stock.

Insider Activity at Standard Motor Products

In other news, EVP Dale Burks sold 11,005 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the sale, the executive vice president now directly owns 56,860 shares of the company’s stock, valued at $1,546,592. This represents a 16.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Standard Motor Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products’s dividend payout ratio (DPR) is presently 100.81%.

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.