Standard Motor Products Inc (SMP) |
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Price: $31.2800
$0.43
1.394%
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Day's High:
| $31.49
| Week Perf:
| 1.56 %
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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 |
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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
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Customers Net Income grew by |
SMP's Customers Net Profit Margin grew to |
232.38 % |
6.99 %
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Stock Performances by Major Competitors |
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Standard Motor Products Inc
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.
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Standard Motor Products Inc
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.
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Standard Motor Products Inc
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.
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Standard Motor Products Inc
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.
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Per Share |
Current |
Earnings (TTM) |
1.54 $ |
Revenues (TTM) |
61.23 $
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Cash Flow (TTM) |
0.51 $ |
Cash |
1.47 $
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Book Value |
29.35 $
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Dividend (TTM) |
1.16 $ |
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Per Share |
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Earnings (TTM) |
1.54 $
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Revenues (TTM) |
61.23 $ |
Cash Flow (TTM) |
0.51 $ |
Cash |
1.47 $
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Book Value |
29.35 $ |
Dividend (TTM) |
1.16 $ |
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Company Estimates |
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• Revenue Outlook
Standard Motor Products Inc does not provide revenue guidance.
• Earnings Outlook
Standard Motor Products Inc does not provide earnings estimates.
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