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Standard Motor Products Inc   (SMP)
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Price: $31.2800 $0.43 1.394%
Day's High: $31.49 Week Perf: 1.56 %
Day's Low: $ 30.91 30 Day Perf: -22.05 %
Volume (M): 336 52 Wk High: $ 41.71
Volume (M$): $ 10,498 52 Wk Avg: $36.40
Open: $30.93 52 Wk Low: $30.09



 Market Capitalization (Millions $) 694
 Shares Outstanding (Millions) 22
 Employees 3,400
 Revenues (TTM) (Millions $) 1,358
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 11
 Capital Exp. (TTM) (Millions $) 29

Standard Motor Products Inc
We are a leading 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. We are organized into two major operating segments, each of which focuses on specific lines of replacement parts. Our Engine Management Segment manufactures and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. Our Temperature Control Segment manufactures and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories, and windshield washer system parts.


   Company Address: 37-18 Northern Blvd. Long Island City 11101 NY
   Company Phone Number: 392-0200   Stock Exchange / Ticker: NYSE SMP
   


Customers Net Income grew by SMP's Customers Net Profit Margin grew to

232.38 %

6.99 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APTV   -1.62%    
BWA   -1.44%    
CMI        6.06% 
DAN   -4.33%    
GPC   -0.35%    
VC   -2.69%    
• View Complete Report
   



Standard Motor Products Inc

Investors wary as Standard Motor Products Inc struggles to maintain earnings growth amid challenging market conditions

Standard Motor Products Inc (SMP) has been experiencing a decline in its stock price, with a decrease of -2.67% in February 2024. This brings the share price to a decrease of 0.96% during the first quarter of 2024. However, despite this decline, SMP's stock is showing signs of gaining momentum and is only 3.8% away from its 52-week high of $41.705.
The decline in SMP's stock price can be attributed to the weak fourth quarter earnings season of 2023. During this period, SMP's income fell by -22.3% to $0.29 per share, and revenue decreased by -5.592% to $290.96 million compared to the previous year. In comparison to the previous quarter, earnings per share decreased by -4.75% from $0.30 per share, and revenue fell by -24.574% from $385.76 million. The bottom-line profit for the fourth quarter of 2023 also declined by -17.77% to $6.486 million compared to $7.888 million in the same period the previous year.

Standard Motor Products Inc

Company Sees Revenue Growth Despite Decline in Earnings During Third Quarter of 2023

Over the past five trading days, shares of Standard Motor Products Inc (SMP) have experienced a decline of -2.71%, bringing the year-to-date performance of the company to -10.26%. This decline has caused SMP shares to reach their 52-week low.
During the third quarter of 2023, despite a revenue advance of 1.15%, SMP faced a significant income contraction of -25% compared to the corresponding reporting season a year ago. The company's revenue for this period was $385.76 million, with earnings per share (EPS) at $0.30. However, SMP's business surge in the Auto & Truck Parts industry was lower than the average of 7.28% recorded by most companies operating in the same sector.
When compared to the previous reporting season, SMP's income declined by -26.83% from $0.41 per share, while revenue saw a growth of 9.257% from $353.08 million. In terms of earnings, the company's most recent fiscal period reported $6.722 million, a decline of -24.45% from the corresponding period a year earlier, which saw earnings of $8.898 million.
During the most recent fiscal period, SMP aimed to improve sales, resulting in a net margin of 1.74%. However, operating earnings increased by 3.54% to $34.806 million. Notably, the level of accounts receivable has declined to $208.1 million, leading some analysts to believe that this is a result of slowing demand.

Standard Motor Products Inc

Standard Motor Products Inc. Faces Significant Earnings Plunge and Revenue Dip in Q2 2023 Amidst Auto & Truck Parts Industry Growth

Standard Motor Products Inc, a company in the Auto & Truck Parts industry, has experienced a decline in its shares over the past 5 trading days. The shares dropped by -1.55%, bringing the year-to-date performance to 6.71%. Despite this recent drop, the shares are currently trading on the NYSE at a value 1.1% above its 52-week averageThe decline in shares can be attributed to the company's proclamation of a decline in earnings per share and a decrease in revenue for the second quarter of the 2023 earnings season. Compared to the previous year, the company's earnings per share dropped by -52.33% to $0.41, while the revenue decreased by -1.763% to $353.08 million.
However, it is worth noting that other companies in the Auto & Truck Parts industry experienced an improvement in revenue during the second quarter of the 2023 earnings season. In the previous reporting season, Standard Motor Products Inc's income per share was $0.54, and the revenue increased by 7.636% to $328.03 million.
The company's bottom-line in the second quarter of the 2023 earnings season also saw a significant decrease, falling by -52.18% to $9.187 million from $19.211 million in the corresponding period a year before. This decline in profitability can be attributed to a decrease in operating margin to 7.7% and a shrinking net margin to 2.6%.
Furthermore, the operating earnings of Standard Motor Products Inc also fell by -2.56% to $27.178 million, which further squeezed the company's operating margin to 7.7% from 7.76% in the second quarter of 2022.
Despite these financial challenges, there has been some progress in the value of accounts receivable, which is below the previous year's level. Standard Motor Products Inc is expected to report its next financial earnings on August 03, 2023.
Overall, the recent decline in Standard Motor Products Inc shares can be attributed to the decline in earnings per share and revenue for the second quarter of the 2023 earnings season. However, it is important to monitor future financial reports to understand the company's performance and trajectory going forward.

Standard Motor Products Inc

Significant Income per Share Deterioration at the Standard Motor Products Inc all along the first quarter of 2023

Standard Motor Products Inc recently released its financial results for the first quarter of 2023, and the numbers showed a mixed performance. While revenue increased by 1.61%, the company's net income plummeted by -37.93% compared to the same period last year. This decline was reflected in the earnings per share, which came in at $0.54, down from $0.37 per share in the previous year.
Despite the revenue growth, the decrease in net income is a troubling sign for Standard Motor Products Inc. The company shifted its focus to improve sales in the first quarter of 2023, but this did not translate to higher profitability. As a result, the net margin eased to 3.65%, and operating earnings fell by -22.92% to $20.746 million.






 

Standard Motor Products Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Standard Motor Products Inc does not provide revenue guidance.

Earnings Outlook
Standard Motor Products Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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