Standard Motor Products (SMP) Scheduled to Post Quarterly Earnings on Thursday

Standard Motor Products (NYSE:SMP) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Standard Motor Products to post earnings of $0.78 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Wednesday, May 1st. The auto parts company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $331.40 million for the quarter, compared to analyst estimates of $321.84 million. Standard Motor Products had a net margin of 2.28% and a return on equity of 9.48%. Standard Motor Products’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. 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 Performance

Shares of Standard Motor Products stock traded down $0.10 during trading on Wednesday, hitting $32.30. 5,393 shares of the stock were exchanged, compared to its average volume of 144,249. The stock has a market capitalization of $704.79 million, a price-to-earnings ratio of 23.28 and a beta of 0.52. The company has a fifty day moving average price of $29.37 and a 200-day moving average price of $32.86. Standard Motor Products has a 1-year low of $26.09 and a 1-year high of $41.71. The company has a current ratio of 2.66, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

Separately, Roth Mkm restated a “buy” rating and set a $42.00 price objective on shares of Standard Motor Products in a research note on Thursday, May 23rd.

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.