Standard Motor Products - SMP Stock Forecast, Price & News

1 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" SMP shares.
View SMP analyst ratings or view top-rated stocks.

1 equities research analysts have issued 1-year price objectives for Standard Motor Products' stock. 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 21.5% 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 the year. Since then, SMP shares have increased by 11.1% and is now trading at $38.67.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our SMP earnings forecast.

Standard Motor Products, Inc. (NYSE:SMP) released its earnings results on Thursday, October, 28th. The auto parts company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.22. The auto parts company had revenue of $370.10 million for the quarter, compared to analyst estimates of $342.64 million. Standard Motor Products had a trailing twelve-month return on equity of 13.76% and a net margin of 4.81%. Standard Motor Products's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 EPS.

Standard Motor Products declared a quarterly dividend on Friday, October 28th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.27 per share on Thursday, December 1st. This represents a $1.08 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Monday, November 14th.
Read our dividend analysis for SMP.

Standard Motor Products (NYSE:SMP) pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMP will have a dividend payout ratio of 28.27% 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 Investment Management of Virginia LLC (0.25%), New York State Teachers Retirement System (0.19%), Assenagon Asset Management S.A. (0.07%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.05%) and Maryland State Retirement & Pension System (0.04%). 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.
Compare Top Brokerages Here.

One share of SMP stock can currently be purchased for approximately $38.67.

Standard Motor Products (NYSE:SMP) has a market capitalization of $834.11 million and generates $1.30 billion in revenue each year. The auto parts company earns $90.89 million in net income (profit) each year or $2.96 on an earnings per share basis.

The company employs 5,000 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.