Standard Motor Products - SMP Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Standard Motor Products in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SMP shares.
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2 brokerages have issued 12-month target prices for Standard Motor Products' shares. Their SMP share price forecasts range from $47.00 to $47.00. On average, they predict the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 30.6% 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 beginning of 2023. Since then, SMP shares have increased by 3.4% and is now trading at $35.99.
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Standard Motor Products saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 285,400 shares, an increase of 32.9% from the January 31st total of 214,800 shares. Based on an average daily volume of 88,700 shares, the short-interest ratio is presently 3.2 days. Approximately 1.5% of the shares of the stock are sold short.
View Standard Motor Products' Short Interest.

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

Standard Motor Products, Inc. (NYSE:SMP) released its quarterly earnings data on Wednesday, February, 22nd. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.17. The auto parts company earned $308.20 million during the quarter, compared to the consensus estimate of $322.49 million. Standard Motor Products had a net margin of 4.03% and a trailing twelve-month return on equity of 12.87%. The company's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS.

Standard Motor Products declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.29 per share on Wednesday, March 1st. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, February 14th. This is a boost from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for SMP.

ETFs with the largest weight of Standard Motor Products (NYSE:SMP) stock in their portfolio include First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hartford Multifactor Small Cap ETF (ROSC), iShares US Small Cap Value Factor ETF (SVAL), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Syntax Stratified SmallCap ETF (SSLY).

Standard Motor Products (NYSE:SMP) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.25%. 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 46.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMP will have a dividend payout ratio of 29.00% 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 variety of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (6.35%), William Blair Investment Management LLC (4.68%), Boston Partners (2.12%), Geode Capital Management LLC (1.66%), Charles Schwab Investment Management Inc. (1.48%) and First Trust Advisors LP (1.29%). 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.
View institutional ownership trends.

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 $35.99.

Standard Motor Products (NYSE:SMP) has a market capitalization of $777.02 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 $2.49 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.