Standard Motor Products (NYSE:SMP) Announces Earnings Results

Standard Motor Products (NYSE:SMP) announced its quarterly earnings data on Wednesday. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19, Briefing.com reports. The business had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS.

Standard Motor Products Stock Performance

Shares of SMP stock traded down $1.85 on Thursday, hitting $32.25. The company had a trading volume of 39,728 shares, compared to its average volume of 155,057. Standard Motor Products has a twelve month low of $26.09 and a twelve month high of $41.71. The company has a quick ratio of 0.93, a current ratio of 2.46 and a debt-to-equity ratio of 0.31. The firm has a market cap of $700.15 million, a P/E ratio of 19.17 and a beta of 0.51. The company has a 50-day moving average price of $31.73 and a 200-day moving average price of $30.89.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 66.29%.

Standard Motor Products Company Profile

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.