Standard Motor Products (SMP) Receiving Somewhat Favorable News Coverage, Accern Reports
Media stories about Standard Motor Products (NYSE:SMP) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Standard Motor Products earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 45.9752619739488 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Standard Motor Products (NYSE:SMP) opened at 45.32 on Friday. The stock has a 50 day moving average price of $50.47 and a 200 day moving average price of $49.60. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.89 and a beta of 1.81. Standard Motor Products has a 1-year low of $42.11 and a 1-year high of $55.37.
Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by $0.18. The business had revenue of $312.73 million during the quarter. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Analysts forecast that Standard Motor Products will post $2.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.68%. Standard Motor Products’s dividend payout ratio (DPR) is 28.36%.
Several research firms have recently weighed in on SMP. Zacks Investment Research lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Jefferies Group LLC reiterated a “buy” rating on shares of Standard Motor Products in a research note on Friday, July 7th. Finally, BidaskClub upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st.
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In related news, VP Thomas Tesoro sold 3,950 shares of Standard Motor Products stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total value of $189,244.50. Following the transaction, the vice president now directly owns 29,026 shares of the company’s stock, valued at $1,390,635.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lawrence I. Sills sold 4,800 shares of Standard Motor Products stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $50.83, for a total transaction of $243,984.00. The disclosure for this sale can be found here. Insiders sold 32,750 shares of company stock worth $1,645,693 over the last three months. 6.60% of the stock is currently owned by insiders.
Standard Motor Products Company Profile
Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.
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