Wall Street brokerages expect Standard Motor Products, Inc. (NYSE:SMP) to post sales of $229.00 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Standard Motor Products’ earnings, with the lowest sales estimate coming in at $227.50 million and the highest estimate coming in at $230.50 million. Standard Motor Products reported sales of $229.80 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Standard Motor Products will report full year sales of $229.00 million for the current year, with estimates ranging from $1.10 billion to $1.11 billion. For the next financial year, analysts anticipate that the company will report sales of $1.14 billion per share, with estimates ranging from $1.12 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Standard Motor Products.

SMP has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Standard Motor Products from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. FBR & Co restated a “hold” rating and set a $48.00 target price on shares of Standard Motor Products in a report on Friday, October 27th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Standard Motor Products in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $54.00.

Institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC acquired a new position in Standard Motor Products in the 2nd quarter worth approximately $227,000. Crossmark Global Holdings Inc. acquired a new position in Standard Motor Products in the 4th quarter worth approximately $239,000. Suntrust Banks Inc. boosted its stake in Standard Motor Products by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 5,949 shares of the auto parts company’s stock worth $310,000 after purchasing an additional 64 shares during the period. GSA Capital Partners LLP boosted its stake in Standard Motor Products by 29.0% in the 2nd quarter. GSA Capital Partners LLP now owns 6,131 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 1,377 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Standard Motor Products in the 3rd quarter worth approximately $309,000. 79.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Standard Motor Products (NYSE SMP) opened at $46.92 on Friday. The firm has a market cap of $1,076.40, a P/E ratio of 19.88, a P/E/G ratio of 2.43 and a beta of 1.82. Standard Motor Products has a 1-year low of $40.56 and a 1-year high of $54.73.

Standard Motor Products declared that its board has approved a share repurchase program on Monday, November 20th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.21 dividend. This is a positive change from Standard Motor Products’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. Standard Motor Products’s dividend payout ratio (DPR) is currently 32.20%.

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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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