NYSE:SMP - Standard Motor Products Stock Price, Forecast & News

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

Standard Motor Products declared a quarterly dividend on Friday, January 31st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.25 per share on Monday, March 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, February 13th. This is a boost from Standard Motor Products's previous quarterly dividend of $0.23. View Standard Motor Products' Dividend History.

Standard Motor Products declared that its Board of Directors has initiated a stock repurchase program on Friday, May 18th 2018, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Standard Motor Products, Inc. (NYSE:SMP) posted its quarterly earnings results on Wednesday, February, 19th. The auto parts company reported $0.59 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.57 by $0.02. The auto parts company had revenue of $241.30 million for the quarter, compared to analyst estimates of $250.69 million. Standard Motor Products had a net margin of 5.09% and a return on equity of 14.63%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. View Standard Motor Products' Earnings History.

Standard Motor Products is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Standard Motor Products.

1 Wall Street analysts have issued twelve-month target prices for Standard Motor Products' shares. Their forecasts range from $61.00 to $61.00. On average, they anticipate Standard Motor Products' share price to reach $61.00 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price. View Analyst Price Targets for Standard Motor Products.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Standard Motor Products in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Standard Motor Products.

News headlines about SMP stock have trended negative this week, InfoTrie reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Standard Motor Products earned a daily sentiment score of -2.3 on InfoTrie's scale. They also assigned press coverage about the auto parts company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Standard Motor Products.

Standard Motor Products saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 440,100 shares, an increase of 15.1% from the January 15th total of 382,200 shares. Based on an average trading volume of 96,300 shares, the short-interest ratio is currently 4.6 days. Approximately 2.3% of the shares of the company are short sold. View Standard Motor Products' Current Options Chain.

Some companies that are related to Standard Motor Products include Aptiv (APTV), Gentex (GNTX), Lear (LEA), BorgWarner (BWA), Allison Transmission (ALSN), LCI Industries (LCII), Dana (DAN), Dorman Products (DORM), Visteon (VC), Gentherm (THRM), American Axle & Manufact. (AXL), Stoneridge (SRI), Tower International (TOWR), Spartan Motors (SPAR) and Tenneco (TEN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Standard Motor Products investors own include IBM (IBM), Occidental Petroleum (OXY), Verizon Communications (VZ), Tesla (TSLA), Walgreens Boots Alliance (WBA), Abbott Laboratories (ABT), Walt Disney (DIS), Helmerich & Payne (HP), Kohl's (KSS) and Marathon Petroleum (MPC).

Standard Motor Products' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (6.91%), FMR LLC (4.75%), State Street Corp (2.81%), Neumeier Poma Investment Counsel LLC (2.05%), Tributary Capital Management LLC (1.83%) and Copeland Capital Management LLC (1.72%). Company insiders that own Standard Motor Products stock include Arthur S Sills, Carmine Joseph Broccole, Dale Burks, Eric Sills, Frederick D Sturdivant, James J Burke, John P Gethin, Lawrence I Sills, Pamela Forbes Lieberman, Peter J Sills, Ray Nicholas and Thomas Tesoro. View Institutional Ownership Trends for Standard Motor Products.

SMP stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Russell Investments Group Ltd., FMR LLC, Renaissance Technologies LLC, Ceredex Value Advisors LLC, Anchor Capital Advisors LLC, Tributary Capital Management LLC and Bank of New York Mellon Corp. Company insiders that have sold Standard Motor Products company stock in the last year include Arthur S Sills, Carmine Joseph Broccole, Dale Burks, Eric Sills, James J Burke, John P Gethin, Lawrence I Sills, Pamela Forbes Lieberman, Peter J Sills and Thomas Tesoro. View Insider Buying and Selling for Standard Motor Products.

SMP stock was acquired by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, TD Asset Management Inc., Schroder Investment Management Group, Thrivent Financial for Lutherans, Great West Life Assurance Co. Can, State Street Corp, Rockefeller Capital Management L.P. and Goldman Sachs Group Inc.. View Insider Buying and Selling for Standard Motor Products.

Shares of SMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SMP stock can currently be purchased for approximately $51.55.

Standard Motor Products has a market capitalization of $1.16 billion and generates $1.14 billion in revenue each year. The auto parts company earns $43 million in net income (profit) each year or $3.10 on an earnings per share basis. Standard Motor Products employs 4,400 workers across the globe.View Additional Information About Standard Motor Products.

The official website for Standard Motor Products is http://www.smpcorp.com/.

Standard Motor Products' mailing address is 37-18 NORTHERN BOULEVARD, LONG ISLAND CITY NY, 11101. The auto parts company can be reached via phone at 718-392-0200 or via email at [email protected]