Standard Motor Products - SMP Stock Forecast, Price & News

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

1 Wall Street 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 share price to reach $47.00 in the next year. This suggests a possible upside of 17.5% 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 2023. Since then, SMP stock has increased by 15.0% and is now trading at $40.01.
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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) posted its earnings results on Thursday, October, 28th. The auto parts company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.22. The auto parts company had revenue of $370.10 million for the quarter, compared to the consensus estimate of $342.64 million. Standard Motor Products had a net margin of 4.81% and a trailing twelve-month return on equity of 13.76%. The company's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS.

Standard Motor Products announced a quarterly dividend on Friday, October 28th. Shareholders 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 2.70%. The ex-dividend date of this dividend 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 2.78%. 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 many different retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (0.52%), Kestrel Investment Management Corp (0.43%), Legato Capital Management LLC (0.29%), Investment Management of Virginia LLC (0.25%), New York State Teachers Retirement System (0.19%) and CWM LLC (0.15%). 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 $40.01.

Standard Motor Products (NYSE:SMP) has a market capitalization of $863.02 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.