Standard Motor Products (NYSE:SMP) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Standard Motor Products (NYSE:SMP - Get Free Report) issued its quarterly earnings results on Wednesday. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.05, Briefing.com reports. Standard Motor Products had a net margin of 2.51% and a return on equity of 10.09%. The company had revenue of $331.40 million during the quarter, compared to the consensus estimate of $321.84 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm's quarterly revenue was up 1.0% on a year-over-year basis.

Standard Motor Products Stock Performance

SMP traded down $0.61 on Thursday, hitting $32.17. 159,841 shares of the company traded hands, compared to its average volume of 128,616. Standard Motor Products has a 12-month low of $30.09 and a 12-month high of $41.71. The company has a 50 day moving average of $32.37 and a 200-day moving average of $35.89. The company has a quick ratio of 0.78, a current ratio of 2.45 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $726.40 million, a PE ratio of 21.29 and a beta of 0.61.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. Standard Motor Products's dividend payout ratio (DPR) is 75.33%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SMP shares. StockNews.com upgraded Standard Motor Products from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. TheStreet cut Standard Motor Products from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd.

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.