Roth Capital Has Negative Estimate for SMP Q4 Earnings

Standard Motor Products, Inc. (NYSE:SMP) – Equities research analysts at Roth Capital lowered their Q4 2024 earnings estimates for shares of Standard Motor Products in a research report issued to clients and investors on Thursday, October 31st. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings of $0.37 per share for the quarter, down from their prior forecast of $0.49. The consensus estimate for Standard Motor Products’ current full-year earnings is $3.01 per share. Roth Capital also issued estimates for Standard Motor Products’ FY2026 earnings at $3.71 EPS.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The business had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm’s revenue was up 3.3% on a year-over-year basis.

Standard Motor Products Trading Down 0.4 %

NYSE:SMP opened at $32.06 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.21. Standard Motor Products has a 12 month low of $26.09 and a 12 month high of $41.71. The company has a market cap of $696.02 million, a PE ratio of 19.79 and a beta of 0.51. The company has a 50 day simple moving average of $31.81 and a two-hundred day simple moving average of $30.93.

Standard Motor Products Announces Dividend

The business also recently announced 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 yield of 3.62%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s dividend payout ratio (DPR) is presently 71.61%.

Institutional Investors Weigh In On Standard Motor Products

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Standard Motor Products by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company’s stock valued at $42,574,000 after acquiring an additional 8,070 shares during the period. Vanguard Group Inc. grew its position in shares of Standard Motor Products by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after acquiring an additional 49,905 shares during the period. Azarias Capital Management L.P. bought a new stake in shares of Standard Motor Products during the 2nd quarter valued at $11,197,000. American Century Companies Inc. boosted its holdings in Standard Motor Products by 19.5% in the 2nd quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after buying an additional 55,327 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in Standard Motor Products by 1.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 306,300 shares of the auto parts company’s stock worth $10,276,000 after buying an additional 3,900 shares during the period. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Company Profile

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.