Standard Motor Products (NYSE:SMP) announced its quarterly earnings results on Wednesday. The auto parts company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.30, Briefing.com reports. Standard Motor Products had a net margin of 4.36% and a return on equity of 11.63%. The business had revenue of $247.90 million for the quarter, compared to analyst estimates of $220.56 million. During the same quarter in the prior year, the business earned $0.92 EPS. Standard Motor Products’s quarterly revenue was down 18.8% on a year-over-year basis.

Shares of SMP traded down $0.53 during midday trading on Friday, hitting $45.53. The company’s stock had a trading volume of 1,239 shares, compared to its average volume of 119,317. Standard Motor Products has a one year low of $33.94 and a one year high of $55.85. The company’s fifty day simple moving average is $40.23 and its two-hundred day simple moving average is $42.97. The company has a quick ratio of 0.61, a current ratio of 1.75 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.92 and a beta of 0.73.

A number of research analysts have issued reports on SMP shares. CL King upgraded shares of Standard Motor Products from a “neutral” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, June 26th. Stephens decreased their target price on shares of Standard Motor Products from $61.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Zacks Investment Research lowered shares of Standard Motor Products from a “hold” rating to a “sell” rating and set a $41.00 target price on the stock. in a research report on Friday, May 8th.

In other news, Director Peter J. Sills sold 6,586 shares of Standard Motor Products stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $42.82, for a total value of $282,012.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 19,758 shares of company stock worth $819,562. Corporate insiders own 6.40% of the company’s stock.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

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Earnings History for Standard Motor Products (NYSE:SMP)

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