News stories about Standard Motor Products (NYSE:SMP) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Standard Motor Products earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.2857925116062 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- $229.00 Million in Sales Expected for Standard Motor Products, Inc. (SMP) This Quarter (americanbankingnews.com)
- Standard Motor Products, Inc. – Value Analysis (NYSE:SMP) : December 4, 2017 (finance.yahoo.com)
- Standard Motor Products, Inc. (SMP) Expected to Post Earnings of $0.39 Per Share (americanbankingnews.com)
- Standard Motor Products, Inc. (SMP) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Standard Motor Products, Inc. breached its 50 day moving average in a Bearish Manner : SMP-US : December 1, 2017 (finance.yahoo.com)
Shares of Standard Motor Products (SMP) opened at $43.50 on Friday. Standard Motor Products has a 52-week low of $40.56 and a 52-week high of $55.37. The firm has a market cap of $994.30, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 2.74 and a beta of 1.80.
Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.12). The business had revenue of $281.06 million for the quarter. Standard Motor Products had a return on equity of 13.68% and a net margin of 4.97%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. equities research analysts forecast that Standard Motor Products will post 2.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. Standard Motor Products’s dividend payout ratio (DPR) is presently 32.20%.
Standard Motor Products declared that its Board of Directors has approved a share repurchase program on Monday, November 20th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
SMP has been the topic of a number of research analyst reports. Jefferies Group restated a “buy” rating and issued a $60.00 target price on shares of Standard Motor Products in a research report on Tuesday, September 12th. FBR & Co restated a “hold” rating and issued a $48.00 target price on shares of Standard Motor Products in a research report on Friday, October 27th. 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. ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. 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 assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.00.
In other news, insider Peter J. Sills sold 2,775 shares of Standard Motor Products stock in a transaction on Monday, November 6th. The shares were sold at an average price of $42.46, for a total transaction of $117,826.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ray Nicholas sold 1,331 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $45.25, for a total transaction of $60,227.75. Following the completion of the transaction, the vice president now owns 30,250 shares in the company, valued at approximately $1,368,812.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,619 shares of company stock worth $1,455,205. 6.60% of the stock is owned by company insiders.
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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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