Standard Motor Products (NYSE:SMP) Posts Earnings Results, Beats Estimates By $0.19 EPS

Standard Motor Products (NYSE:SMP) released its earnings results on Wednesday. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19, Briefing.com reports. The company had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS.

Standard Motor Products Stock Down 5.4 %

Shares of Standard Motor Products stock traded down $1.85 during trading on Thursday, hitting $32.25. 39,728 shares of the stock were exchanged, compared to its average volume of 155,057. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93. The firm’s 50-day moving average price is $31.73 and its 200 day moving average price is $30.89. The stock has a market cap of $700.15 million, a price-to-earnings ratio of 19.17 and a beta of 0.51. Standard Motor Products has a 12-month low of $26.09 and a 12-month high of $41.71.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is presently 66.29%.

About Standard Motor Products

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.