Equities research analysts expect Standard Motor Products, Inc. (NYSE:SMP) to post earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Standard Motor Products’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.33. Standard Motor Products reported earnings per share of $0.42 in the same quarter last year, which suggests a negative year over year growth rate of 7.1%. The company is scheduled to report its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Standard Motor Products will report full-year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.62 to $2.73. For the next year, analysts anticipate that the company will report earnings of $3.27 per share, with EPS estimates ranging from $3.19 to $3.35. Zacks’ EPS averages are an average based on a survey of research analysts that follow Standard Motor Products.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.12). The firm had revenue of $281.06 million during the quarter. Standard Motor Products had a net margin of 4.97% and a return on equity of 13.68%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.

A number of research firms have commented on SMP. ValuEngine downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Jefferies Group restated a “buy” rating and set a $60.00 price target on shares of Standard Motor Products in a research report on Tuesday, September 12th. Zacks Investment Research upgraded shares of Standard Motor Products from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. FBR & Co restated a “hold” rating and set a $48.00 price target on shares of Standard Motor Products in a research report on Friday, October 27th. Finally, B. Riley restated a “neutral” rating on shares of Standard Motor Products in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Standard Motor Products has an average rating of “Hold” and an average price target of $54.00.

Shares of Standard Motor Products (NYSE SMP) traded down $0.60 during trading hours on Thursday, reaching $44.99. 89,626 shares of the company traded hands, compared to its average volume of 104,094. The company has a market cap of $1,031.16, a P/E ratio of 19.06, a PEG ratio of 2.84 and a beta of 1.80. Standard Motor Products has a 12-month low of $40.56 and a 12-month high of $54.73.

Standard Motor Products announced that its board has approved a share repurchase program on Monday, November 20th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.69%. Standard Motor Products’s dividend payout ratio (DPR) is 32.20%.

In related news, insider Peter J. Sills sold 2,775 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $42.46, for a total value of $117,826.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Tesoro sold 775 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $44.18, for a total transaction of $34,239.50. Following the completion of the sale, the vice president now owns 31,456 shares in the company, valued at $1,389,726.08. The disclosure for this sale can be found here. Insiders have sold a total of 25,095 shares of company stock worth $1,159,325 over the last 90 days. 6.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC raised its holdings in shares of Standard Motor Products by 1.5% in the 3rd quarter. Copeland Capital Management LLC now owns 298,795 shares of the auto parts company’s stock worth $14,417,000 after purchasing an additional 4,511 shares in the last quarter. State Street Corp increased its position in shares of Standard Motor Products by 2.7% in the second quarter. State Street Corp now owns 497,020 shares of the auto parts company’s stock worth $25,954,000 after acquiring an additional 13,034 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Standard Motor Products by 46.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,330 shares of the auto parts company’s stock worth $450,000 after acquiring an additional 2,980 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Standard Motor Products by 51.3% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 60,674 shares of the auto parts company’s stock worth $2,928,000 after acquiring an additional 20,580 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Standard Motor Products by 27.5% in the second quarter. TIAA CREF Investment Management LLC now owns 151,605 shares of the auto parts company’s stock worth $7,917,000 after acquiring an additional 32,717 shares in the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.

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Standard Motor Products Company Profile

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

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Earnings History and Estimates for Standard Motor Products (NYSE:SMP)

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