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NYSE:SMP

Standard Motor Products - SMP Stock Forecast, Price & News

$41.10
-0.38 (-0.92%)
(As of 08/19/2022 01:13 PM ET)
Add
Compare
Today's Range
$40.87
$41.76
50-Day Range
$37.38
$47.38
52-Week Range
$37.28
$55.09
Volume
2,000 shs
Average Volume
130,688 shs
Market Capitalization
$897.21 million
P/E Ratio
11.32
Dividend Yield
2.64%
Price Target
$62.00

Standard Motor Products MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
50.7% Upside
$62.00 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.58
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$616,724 Sold Last Quarter
Proj. Earnings Growth
12.29%
From $4.07 to $4.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Auto/Tires/Trucks Sector

15th out of 108 stocks

Motor Vehicle Parts & Accessories Industry

10th out of 37 stocks

SMP stock logo

About Standard Motor Products (NYSE:SMP) Stock

Standard Motor Products, Inc. manufactures and distributes replacement parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry with a complementary focus on specialized original equipment parts for manufacturers across agriculture, heavy duty, and construction equipment industries. The company's Engine Management segment provides electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps; and anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. This segment offers its products under the Standard, Blue Streak, BWD, Intermotor, OEM, SMP Blue Streak Canada, GP Sorensen, Locksmart, Standard Motorcycle, and Blue Streak Race Wires brands. Its Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, ACI, Hayden, Factory Air, and Maxair brands. Its products include air conditioning compressors and repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, actuators, hose assemblies, thermal expansion devices, heater valves, heater cores, A/C service tools and chemicals, fan assemblies, fan clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company serves primarily automotive aftermarket retailers, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico, and other Latin American countries. The company was founded in 1919 and is headquartered in Long Island City, New York.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com downgraded Standard Motor Products from a "buy" rating to a "hold" rating in a research note on Friday, August 5th. MKM Partners began coverage on shares of Standard Motor Products in a research report on Friday, June 10th. They set a "buy" rating and a $62.00 price objective for the company.

Standard Motor Products Price Performance

Shares of SMP opened at $41.48 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $43.30 and its two-hundred day moving average is $43.19. Standard Motor Products has a twelve month low of $37.28 and a twelve month high of $55.09. The firm has a market capitalization of $905.51 million, a PE ratio of 11.43 and a beta of 0.35.

Standard Motor Products (NYSE:SMP - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($0.28). Standard Motor Products had a return on equity of 14.93% and a net margin of 5.97%. The business had revenue of $359.40 million for the quarter, compared to analyst estimates of $356.59 million. During the same period in the prior year, the company earned $1.26 EPS. The company's revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Standard Motor Products will post 4.12 earnings per share for the current year.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, August 12th. Standard Motor Products's dividend payout ratio (DPR) is 29.75%.

Insider Buying and Selling

In other news, Director Peter J. Sills sold 6,045 shares of Standard Motor Products stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $40.63, for a total transaction of $245,608.35. Following the completion of the sale, the director now directly owns 680,767 shares in the company, valued at approximately $27,659,563.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Standard Motor Products news, Director Peter J. Sills sold 5,650 shares of the firm's stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $45.47, for a total transaction of $256,905.50. Following the completion of the transaction, the director now directly owns 686,812 shares in the company, valued at approximately $31,229,341.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Sills sold 6,045 shares of Standard Motor Products stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $40.63, for a total transaction of $245,608.35. Following the transaction, the director now owns 680,767 shares of the company's stock, valued at approximately $27,659,563.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,695 shares of company stock valued at $616,724. Corporate insiders own 6.60% of the company's stock.

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SMP Stock News Headlines

StockNews.com Lowers Standard Motor Products (NYSE:SMP) to Hold
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SMP Company Calendar

Ex-Dividend for 6/1 Dividend
5/13/2022
Dividend Payable
6/01/2022
Last Earnings
8/03/2022
Ex-Dividend for 9/1 Dividend
8/12/2022
Today
8/19/2022
Dividend Payable
9/01/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Auto Parts & Equipment
CUSIP
85366610
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$62.00
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+50.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$90.89 million
Pretax Margin
8.74%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Cash Flow
$5.85 per share
Book Value
$28.06 per share

Miscellaneous

Free Float
20,389,000
Market Cap
$897.21 million
Optionable
Optionable
Beta
0.35

Key Executives

  • Mr. Eric Philip Sills (Age 53)
    CEO, Pres & Director
    Comp: $1.6M
  • Mr. Nathan R. Iles (Age 45)
    CFO & Member of the Office of Chief Exec.
    Comp: $1.23M
  • Mr. James J. Burke (Age 67)
    COO & Member of the Office of Chief Exec.
    Comp: $1.57M
  • Mr. Carmine J. Broccole (Age 56)
    Chief Legal Officer & Sec.
    Comp: $1M
  • Mr. Dale Burks (Age 62)
    EVP, Chief Commercial Officer & Member of the Office of Chief Exec.
    Comp: $1.28M
  • Mr. William J. Fazio (Age 67)
    Chief Accounting Officer
  • Mr. Ray Nicholas (Age 58)
    VP of Information Technology & Chief Information Officer
  • Mr. Anthony Francis Cristello (Age 53)
    VP of Investor Relations
  • Mr. Thomas S. TesoroMr. Thomas S. Tesoro (Age 67)
    Chief HR Officer
  • Ms. Erin Pawlish (Age 46)
    Treasurer













SMP Stock - Frequently Asked Questions

Should I buy or sell Standard Motor Products stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Standard Motor Products in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMP shares.
View SMP analyst ratings
or view top-rated stocks.

What is Standard Motor Products' stock price forecast for 2022?

1 brokerages have issued 1-year price objectives for Standard Motor Products' stock. Their SMP share price forecasts range from $62.00 to $62.00. On average, they expect the company's stock price to reach $62.00 in the next year. This suggests a possible upside of 49.5% from the stock's current price.
View analysts price targets for SMP
or view top-rated stocks among Wall Street analysts.

How have SMP shares performed in 2022?

Standard Motor Products' stock was trading at $52.39 at the beginning of 2022. Since then, SMP stock has decreased by 20.8% and is now trading at $41.48.
View the best growth stocks for 2022 here
.

When is Standard Motor Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SMP earnings forecast
.

How were Standard Motor Products' earnings last quarter?

Standard Motor Products, Inc. (NYSE:SMP) announced its quarterly earnings data on Wednesday, August, 3rd. The auto parts company reported $0.93 EPS for the quarter, missing analysts' consensus estimates of $1.21 by $0.28. The auto parts company earned $359.40 million during the quarter, compared to analysts' expectations of $356.59 million. Standard Motor Products had a net margin of 5.97% and a trailing twelve-month return on equity of 14.93%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS.

How often does Standard Motor Products pay dividends? What is the dividend yield for Standard Motor Products?

Standard Motor Products declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Monday, August 15th will be given a dividend of $0.27 per share on Thursday, September 1st. This represents a $1.08 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for SMP
.

Is Standard Motor Products a good dividend stock?

Standard Motor Products (NYSE:SMP) pays an annual dividend of $1.08 per share and currently has a dividend yield of 2.64%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMP will have a dividend payout ratio of 23.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMP.

What is Eric P. Sills' approval rating as Standard Motor Products' CEO?

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.

What other stocks do shareholders of Standard Motor Products own?

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).

What is Standard Motor Products' stock symbol?

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

Who are Standard Motor Products' major shareholders?

Standard Motor Products' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (6.64%), William Blair Investment Management LLC (4.92%), State Street Corp (3.67%), Polaris Capital Management LLC (2.23%), Northern Trust Corp (1.69%) and Victory Capital Management Inc. (1.49%). Insiders that own company stock include Alisa C Norris, 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, Ray Nicholas and Thomas Tesoro.
View institutional ownership trends
.

How do I buy shares of Standard Motor Products?

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.

What is Standard Motor Products' stock price today?

One share of SMP stock can currently be purchased for approximately $41.48.

How much money does Standard Motor Products make?

Standard Motor Products (NYSE:SMP) has a market capitalization of $905.51 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 $3.63 on an earnings per share basis.

How many employees does Standard Motor Products have?

The company employs 5,000 workers across the globe.

How can I contact Standard Motor Products?

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.

This page (NYSE:SMP) was last updated on 8/19/2022 by MarketBeat.com Staff

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