Equities Analysts Issue Forecasts for SMP FY2024 Earnings

Standard Motor Products, Inc. (NYSE:SMP) – Equities researchers at Roth Capital raised their FY2024 EPS estimates for Standard Motor Products in a research note issued on Thursday, October 31st. Roth Capital analyst S. Stember now forecasts that the auto parts company will post earnings of $3.07 per share for the year, up from their prior estimate of $3.02. 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’ Q3 2025 earnings at $1.34 EPS and Q4 2025 earnings at $0.45 EPS.

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

Standard Motor Products Price Performance

Shares of SMP opened at $32.06 on Monday. The business has a 50-day moving average of $31.81 and a 200-day moving average of $30.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.93. The company has a market capitalization of $696.34 million, a price-to-earnings ratio of 19.79 and a beta of 0.51. Standard Motor Products has a 1 year low of $26.09 and a 1 year high of $41.71.

Hedge Funds Weigh In On Standard Motor Products

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornercap Investment Counsel Inc. raised its position in shares of Standard Motor Products by 83.4% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock worth $1,332,000 after acquiring an additional 21,843 shares in the last quarter. Azarias Capital Management L.P. bought a new stake in Standard Motor Products in the second quarter worth approximately $11,197,000. CWM LLC lifted its stake in Standard Motor Products by 3.5% in the third quarter. CWM LLC now owns 24,944 shares of the auto parts company’s stock valued at $828,000 after buying an additional 833 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Standard Motor Products during the 1st quarter worth approximately $301,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Standard Motor Products by 153.8% during the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after buying an additional 549 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.62%. Standard Motor Products’s payout ratio is 71.61%.

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.