Standard Motor Products (NYSE:SMP - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports. Zacks Research also issued estimates for Standard Motor Products' Q1 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.90 EPS, FY2026 earnings at $4.24 EPS and FY2027 earnings at $4.42 EPS.
A number of other research firms also recently weighed in on SMP. Wall Street Zen upgraded Standard Motor Products from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Standard Motor Products in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Get Our Latest Analysis on Standard Motor Products
Standard Motor Products Price Performance
Standard Motor Products stock opened at $38.92 on Monday. The firm has a market cap of $855.79 million, a P/E ratio of 22.11 and a beta of 0.67. Standard Motor Products has a 52 week low of $21.38 and a 52 week high of $41.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 2.16. The business's fifty day moving average is $39.30 and its two-hundred day moving average is $32.50.
Standard Motor Products (NYSE:SMP - Get Free Report) last released its earnings results on Tuesday, August 5th. The auto parts company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.32. The company had revenue of $493.85 million during the quarter, compared to the consensus estimate of $450.21 million. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.39%.The firm's quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities research analysts forecast that Standard Motor Products will post 3.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Standard Motor Products
Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Standard Motor Products by 2,880.9% in the 1st quarter. GAMMA Investing LLC now owns 26,351 shares of the auto parts company's stock valued at $657,000 after purchasing an additional 25,467 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Standard Motor Products by 144.8% in the 1st quarter. SG Americas Securities LLC now owns 25,604 shares of the auto parts company's stock worth $638,000 after acquiring an additional 15,146 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Standard Motor Products in the 1st quarter valued at about $996,000. Principal Financial Group Inc. increased its position in Standard Motor Products by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 111,541 shares of the auto parts company's stock valued at $2,781,000 after buying an additional 2,857 shares in the last quarter. Finally, Bailard Inc. bought a new stake in Standard Motor Products during the 1st quarter worth approximately $332,000. Institutional investors own 81.26% of the company's stock.
About Standard Motor Products
(
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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.
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