Standard Motor Products (SMP) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Standard Motor Products in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMP shares.
View SMP analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month price objectives for Standard Motor Products' shares. Their SMP share price forecasts range from $47.00 to $47.00. On average, they expect the company's stock price to reach $47.00 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
View analysts price targets for SMP or view top-rated stocks among Wall Street analysts.

Standard Motor Products' stock was trading at $34.80 at the start of the year. Since then, SMP stock has increased by 1.6% and is now trading at $35.36.
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Standard Motor Products saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 209,800 shares, a decline of 14.9% from the April 30th total of 246,500 shares. Based on an average daily volume of 113,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.1% of the shares of the company are short sold.
View Standard Motor Products' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SMP earnings forecast.

Standard Motor Products, Inc. (NYSE:SMP) announced its earnings results on Wednesday, May, 3rd. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The auto parts company earned $328.10 million during the quarter, compared to analysts' expectations of $328.90 million. Standard Motor Products had a net margin of 3.47% and a trailing twelve-month return on equity of 11.65%. The business's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share.

Standard Motor Products declared a quarterly dividend on Wednesday, May 3rd. Investors of record on Monday, May 15th will be given a dividend of $0.29 per share on Thursday, June 1st. This represents a $1.16 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for SMP.

ETFs with the largest weight of Standard Motor Products (NYSE:SMP) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hartford Multifactor Small Cap ETF (ROSC), iShares US Small Cap Value Factor ETF (SVAL), Invesco S&P SmallCap 600 Pure Value ETF (RZV), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Syntax Stratified SmallCap ETF (SSLY), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL).

Standard Motor Products (NYSE:SMP) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.13%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 53.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMP will have a dividend payout ratio of 29.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMP.

30 employees have rated Standard Motor Products Chief Executive Officer Eric P. Sills on Glassdoor.com. Eric P. Sills has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Standard Motor Products investors own include Marathon Petroleum (MPC), Exxon Mobil (XOM), AbbVie (ABBV), Abbott Laboratories (ABT), International Business Machines (IBM), Kellogg (K), Pfizer (PFE), Skyworks Solutions (SWKS), AT&T (T) and Tesla (TSLA).

Standard Motor Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMP."

Standard Motor Products' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.09%), Dimensional Fund Advisors LP (6.50%), Royce & Associates LP (5.73%), William Blair Investment Management LLC (4.68%), State Street Corp (3.81%) and Boston Partners (2.10%). Insiders that own company stock include Alisa C Norris, Arthur S Sills, Dale Burks, Eric Sills, Lawrence I Sills, Nathan R Iles, Peter J Sills, Ray Nicholas and Thomas Tesoro.
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Shares of SMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMP stock can currently be purchased for approximately $35.36.

Standard Motor Products (NYSE:SMP) has a market capitalization of $766.25 million and generates $1.37 billion in revenue each year. The auto parts company earns $55.35 million in net income (profit) each year or $2.16 on an earnings per share basis.

The company employs 4,900 workers across the globe.

Standard Motor Products' mailing address is 37-18 NORTHERN BOULEVARD, LONG ISLAND CITY NY, 11101. The official website for the company is www.smpcorp.com. The auto parts company can be reached via phone at (718) 392-0200, via email at financial@smpcorp.com, or via fax at 718-392-3270.