Standard Motor Products (NYSE:SMP) Posts Earnings Results, Beats Estimates By $0.19 EPS

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

Standard Motor Products Trading Down 6.0 %

Shares of SMP stock traded down $2.05 during mid-day trading on Thursday, reaching $32.05. The company’s stock had a trading volume of 54,864 shares, compared to its average volume of 155,129. The company’s 50 day simple moving average is $31.78 and its 200-day simple moving average is $30.92. Standard Motor Products has a 12-month low of $26.09 and a 12-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 capitalization of $695.81 million, a PE ratio of 18.32 and a beta of 0.51.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is presently 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.