Zacks: Brokerages Expect Standard Motor Products, Inc. (NYSE:SMP) Will Post Quarterly Sales of $299.40 Million

Analysts forecast that Standard Motor Products, Inc. (NYSE:SMP) will post sales of $299.40 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Standard Motor Products’ earnings. The lowest sales estimate is $298.80 million and the highest is $300.00 million. Standard Motor Products posted sales of $286.64 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The business is scheduled to report its next earnings results before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that Standard Motor Products will report full year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next year, analysts forecast that the firm will report sales of $1.19 billion, with estimates ranging from $1.18 billion to $1.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Standard Motor Products.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The business had revenue of $283.80 million for the quarter, compared to analyst estimates of $278.13 million. Standard Motor Products had a return on equity of 13.02% and a net margin of 4.24%. Standard Motor Products’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS.



In other news, insider Lawrence I. Sills sold 3,757 shares of Standard Motor Products stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $45.59, for a total transaction of $171,281.63. Following the transaction, the insider now owns 649,357 shares in the company, valued at $29,604,185.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas Tesoro sold 1,851 shares of Standard Motor Products stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $48.00, for a total transaction of $88,848.00. Following the transaction, the vice president now owns 31,121 shares in the company, valued at approximately $1,493,808. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,536 shares of company stock worth $1,494,933. 6.60% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in shares of Standard Motor Products by 18.0% during the first quarter. Bank of Montreal Can now owns 1,272 shares of the auto parts company’s stock worth $62,000 after purchasing an additional 194 shares during the period. Investors Research Corp bought a new position in Standard Motor Products during the first quarter worth $74,000. PNC Financial Services Group Inc. raised its stake in Standard Motor Products by 14.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,581 shares of the auto parts company’s stock worth $125,000 after buying an additional 323 shares during the last quarter. Advisor Group Inc. raised its stake in Standard Motor Products by 21.4% during the fourth quarter. Advisor Group Inc. now owns 3,274 shares of the auto parts company’s stock worth $159,000 after buying an additional 578 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Standard Motor Products by 283.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,420 shares of the auto parts company’s stock worth $217,000 after buying an additional 3,268 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Shares of NYSE:SMP traded up $0.18 during mid-day trading on Friday, reaching $44.89. 88,417 shares of the company’s stock were exchanged, compared to its average volume of 96,525. The firm has a market cap of $999.57 million, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The firm’s fifty day simple moving average is $44.47. The company has a quick ratio of 0.62, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. Standard Motor Products has a twelve month low of $42.03 and a twelve month high of $56.54.

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 and Estimates for Standard Motor Products (NYSE:SMP)

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