NYSE:SMP

Standard Motor Products - SMP Stock Forecast, Price & News

$37.79

-0.26 (-0.68%)

(As of 11/29/2022 12:00 AM ET)

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Today's Range: $37.72
▼
$38.36
50-Day Range: $32.18
▼
$40.72
52-Week Range: $31.61
▼
$55.09

Volume: 51,629 shs
Average Volume: 125,687 shs
Market Capitalization: $815.13 million

P/E Ratio: 12.77
Dividend Yield: 2.84%
Price Target: $47.00

Standard Motor Products MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 24.4% Upside
$47.00 Price Target
Short Interest: Healthy
2.10% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.52
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth: 10.72%
From $3.45 to $3.82 Per Share

Overall MarketRank^™

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

2.46 out of 5 stars

Auto/Tires/Trucks Sector

22nd out of 103 stocks

Motor Vehicle Parts & Accessories Industry

12th out of 34 stocks

2.5

Analyst's Opinion

Consensus Rating
Standard Motor Products has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.00, Standard Motor Products has a forecasted upside of 24.4% from its current price of $37.79.
Amount of Analyst Coverage
Standard Motor Products has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.10% of the float of Standard Motor Products has been sold short.
Short Interest Ratio / Days to Cover
Standard Motor Products has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Standard Motor Products has recently increased by 13.58%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Standard Motor Products pays a meaningful dividend of 2.84%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Standard Motor Products has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Standard Motor Products is 36.49%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Standard Motor Products will have a dividend payout ratio of 28.27% next year. This indicates that Standard Motor Products will be able to sustain or increase its dividend.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Standard Motor Products has received a -58.78% net impact score from Upright. The largest negative impact of Standard Motor Products in category "GHG emissions" seems to be driven mostly by its "Road vehicle air conditioning systems", "Road vehicle heating systems", "Car sensors", "Automotive electrical wiring", "Airbags", and "Engine cooling systems" products. See details.
Environmental Sustainability
The Environmental Impact score for Standard Motor Products is -3.52.

3.2

News and Social Media Coverage

News Sentiment
Standard Motor Products has a news sentiment score of 1.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Auto/Tires/Trucks companies.
MarketBeat Follows
3 people have added Standard Motor Products to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Standard Motor Products insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,240,223.00 in company stock.
Percentage Held by Insiders
Only 6.60% of the stock of Standard Motor Products is held by insiders.
Percentage Held by Institutions
77.93% of the stock of Standard Motor Products is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Standard Motor Products are expected to grow by 10.72% in the coming year, from $3.45 to $3.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Standard Motor Products is 12.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Standard Motor Products is 12.77, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 20.66.
Price to Book Value per Share Ratio
Standard Motor Products has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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SMP Stock News Headlines

November 22, 2022 | finance.yahoo.com

Are Strong Financial Prospects The Force That Is Driving The Momentum In Standard Motor Products, Inc.'s NYSE:SMP) Stock?

November 8, 2022 | finance.yahoo.com

Standard Motor Products Third Quarter 2022 Earnings: EPS: US$1.08 (vs US$1.32 in 3Q 2021)

November 30, 2022 | Investing Trends (Ad)

The Lithium "Lie"

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November 4, 2022 | finance.yahoo.com

Standard Motor's (SMP) Q3 Earnings Beat, Revenues Up Y/Y

November 3, 2022 | finance.yahoo.com

Standard Motor Products Expands Collision Repair Program Offering

November 1, 2022 | finance.yahoo.com

Recent uptick might appease Standard Motor Products, Inc. (NYSE:SMP) institutional owners after losing 17% over the past year

October 30, 2022 | seekingalpha.com

Standard Motor Products, Inc. (SMP) Q3 2022 Earnings Call Transcript

October 28, 2022 | msn.com

Recap: Standard Motor Products Q3 Earnings

November 30, 2022 | Investing Trends (Ad)

The Lithium "Lie"

October 28, 2022 | finance.yahoo.com

Standard Motor Products, Inc. Announces Third Quarter 2022 Results and Quarterly Dividend

October 28, 2022 | finance.yahoo.com

Standard Motor Products (SMP) Tops Q3 Earnings and Revenue Estimates

October 25, 2022 | finance.yahoo.com

Standard Motor Products, Inc. Announces Third Quarter 2022 Earnings Conference Call

October 19, 2022 | finance.yahoo.com

Royce Investment Partners Commentary: Royce Small-Cap Special Equity Fund--3Q22 Update and Outlook

October 17, 2022 | finance.yahoo.com

The Returns On Capital At Standard Motor Products (NYSE:SMP) Don't Inspire Confidence

October 5, 2022 | finance.yahoo.com

Standard Motor Products, Inc. Announces Acquisition of Kade Trading GmbH

October 3, 2022 | finance.yahoo.com

Standard Motor Products Continues Growth of Ignition Coil Program

September 19, 2022 | finance.yahoo.com

Standard Motor Products Expands ADAS Program Offering

September 7, 2022 | nasdaq.com

Standard Motor Products, Inc. (NYSE:SMP) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

August 25, 2022 | finance.yahoo.com

Standard Motor Products Introduces Over 300 New Part Numbers

August 19, 2022 | finance.yahoo.com

Standard Motor Products, Inc.'s (NYSE:SMP) Intrinsic Value Is Potentially 30% Above Its Share Price

August 8, 2022 | finance.yahoo.com

Standard Motor (SMP) Q2 Earnings Miss, Revenues Increase Y/Y

August 5, 2022 | nasdaq.com

A Look At The Intrinsic Value Of Standard Motor Products, Inc. (NYSE:SMP)

August 5, 2022 | seekingalpha.com

Standard Motor Products, Inc. (SMP) CEO Eric Sills on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | tmcnet.com

Standard Motor Products Wins Waytek New Product of the Year Award

August 3, 2022 | finance.yahoo.com

Standard Motor Products (SMP) Lags Q2 Earnings Estimates

August 2, 2022 | markets.businessinsider.com

Standard Motor Products Awards $20,000 Across Two Scholarships Programs

August 2, 2022 | msn.com

Standard Motor Products's Earnings Outlook

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30 days | 90 days | 365 days | Advanced Chart

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SMP Company Calendar

Last Earnings: 10/28/2021
Ex-Dividend for 9/1 Dividend: 8/12/2022
Dividend Payable: 9/01/2022
Ex-Dividend for 12/1 Dividend: 11/14/2022
Today: 11/30/2022
Dividend Payable: 12/01/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/28/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Motor vehicle parts & accessories
Sub-Industry: Auto Parts & Equipment
Sector: Auto/Tires/Trucks
Current Symbol: NYSE:SMP
CUSIP: 85366610
CIK: 93389
Web: www.smpcorp.com
Phone: (718) 392-0200
Fax: 718-392-3270
Employees: 5,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $47.00
High Stock Price Forecast: $47.00
Low Stock Price Forecast: $47.00
Forecasted Upside/Downside: +24.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.96
Trailing P/E Ratio: 12.77
Forward P/E Ratio: 10.95
P/E Growth: N/A
Net Income: $90.89 million
Net Margins: 4.81%
Pretax Margin: 8.14%
Return on Equity: 13.76%
Return on Assets: 6.56%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 2.22
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $1.30 billion
Price / Sales: 0.63
Cash Flow: $5.79 per share
Price / Cash Flow: 6.53
Book Value: $28.30 per share
Price / Book: 1.34

Miscellaneous

Outstanding Shares: 21,570,000
Free Float: 20,146,000
Market Cap: $815.13 million
Optionable: Optionable
Beta: 0.51

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. Tesoro (Age 67)
Chief HR Officer

Ms. Erin Pawlish (Age 46)
Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMP Stock - Frequently Asked Questions

Should I buy or sell Standard Motor Products stock right now?: 1 Wall Street equities 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 equities 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 2023?: 1 Wall Street research analysts have issued 12-month price targets 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 24.4% 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 start of the year. Since then, SMP shares have decreased by 27.9% and is now trading at $37.79.
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 Tuesday, February 28th 2023.
View our SMP earnings forecast.
How were Standard Motor Products' earnings last quarter?: Standard Motor Products, Inc. (NYSE:SMP) released its quarterly earnings data on Thursday, October, 28th. The auto parts company reported $1.32 EPS for the quarter, beating the consensus estimate 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 net margin of 4.81% and a trailing twelve-month return on equity of 13.76%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share.
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 Friday, October 28th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.27 per share on Thursday, December 1st. This represents a $1.08 annualized dividend and a yield of 2.86%. The ex-dividend date is Monday, November 14th.
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 2.84%. 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.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.47%), Royce & Associates LP (6.75%), Vanguard Group Inc. (6.21%), Dimensional Fund Advisors LP (6.02%), State Street Corp (3.64%) and Boston Partners (1.54%). Insiders that own company stock include Alisa C Norris, Arthur S Sills, Dale Burks, Eric Sills, John P Gethin, Lawrence I Sills, Nathan R Iles, 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 $37.79.
How much money does Standard Motor Products make?: Standard Motor Products (NYSE:SMP) has a market capitalization of $815.13 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.
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 11/30/2022 by MarketBeat.com Staff

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