Standard Motor Products (SMP) to Release Quarterly Earnings on Thursday

Standard Motor Products (NYSE:SMP) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $292.50 million for the quarter.

Standard Motor Products Trading Down 0.1 %

NYSE SMP opened at $30.94 on Tuesday. The firm has a market cap of $671.97 million, a P/E ratio of 19.10 and a beta of 0.52. 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 stock’s 50-day moving average is $31.01 and its 200-day moving average is $31.79. Standard Motor Products has a one year low of $26.09 and a one year high of $35.92.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.75%. Standard Motor Products’s payout ratio is presently 76.54%.

Insider Buying and Selling at Standard Motor Products

In other news, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the transaction, the vice president now directly owns 46,385 shares in the company, valued at approximately $1,582,192.35. The trade was a 9.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 31st.

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.