EPS for Standard Motor Products, Inc. (SMP) Expected At $0.87

October 13, 2017 - By Stephen Andrade

 EPS for Standard Motor Products, Inc. (SMP) Expected At $0.87
Investors sentiment decreased to 1.37 in 2017 Q2. Its down 0.40, from 1.77 in 2017Q1. It dropped, as 15 investors sold Standard Motor Products, Inc. shares while 36 reduced holdings. 22 funds opened positions while 48 raised stakes. 17.74 million shares or 1.10% more from 17.54 million shares in 2017Q1 were reported.
Advisory Svcs Net Ltd Company holds 56 shares or 0% of its portfolio. Bridgeway Mngmt Inc accumulated 44,700 shares or 0.03% of the stock. Macquarie Group Inc Limited holds 0.05% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP) for 510,163 shares. Moreover, New York State Teachers Retirement Sys has 0.01% invested in Standard Motor Products, Inc. (NYSE:SMP) for 55,694 shares. Jacobs Levy Equity Management has 20,240 shares. Gabelli Funds Ltd Llc holds 0.11% or 341,000 shares. Teton Inc, New York-based fund reported 122,200 shares. Voya Inv Limited Liability Corp accumulated 0% or 11,155 shares. D E Shaw Com holds 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP) for 20,398 shares. 11,485 are held by Cornercap Counsel Inc. Pinebridge Invs L P holds 0.04% or 29,001 shares in its portfolio. Nationwide Fund Advsrs, Pennsylvania-based fund reported 17,066 shares. Park Corp Oh has invested 0.01% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Mason Street Advsr Limited Liability Corp owns 4,953 shares for 0.01% of their portfolio. State Of Alaska Department Of Revenue, Alaska-based fund reported 3,962 shares.

Since May 9, 2017, it had 0 insider purchases, and 8 sales for $1.61 million activity. SILLS LAWRENCE I also sold $355,414 worth of Standard Motor Products, Inc. (NYSE:SMP) on Tuesday, June 13. On Friday, June 9 the insider SILLS PETER J sold $67,590. On Tuesday, May 9 the insider SILLS ARTHUR S sold $503,400. Broccole Carmine Joseph also sold $98,980 worth of Standard Motor Products, Inc. (NYSE:SMP) on Tuesday, June 6.

Investors wait Standard Motor Products, Inc. (NYSE:SMP) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.87 earnings per share, down $0.05 or 5.43 % from last year’s $0.92 same quarter earnings. This translates into $19.84 million profit for SMP giving the stock a 13.48 P/E. This is assuming the current $0.87 EPS is accurate. Standard Motor Products, Inc.’s Wall Street analysts see 7.41 % EPS growth, taking into account the $0.81 EPS reproted in the previous quarter, The stock decreased 1.57% or $0.75 during the last trading session, reaching $46.92. About 70,413 shares traded. Standard Motor Products, Inc. (NYSE:SMP) has risen 32.15% since October 13, 2016 and is uptrending. It has outperformed by 15.45% the S&P500.

Standard Motor Products, Inc. (NYSE:SMP) Ratings Coverage

Among 4 analysts covering Standard Motor (NYSE:SMP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Standard Motor had 8 analyst reports since October 15, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, February 17 report. The stock has “Buy” rating by Jefferies on Monday, September 11. The rating was initiated by Sidoti with “Buy” on Monday, April 18. The firm has “Buy” rating by Jefferies given on Tuesday, October 20. The firm has “Buy” rating by Jefferies given on Thursday, July 6. On Thursday, August 4 the stock rating was maintained by Jefferies with “Buy”. BB&T Capital upgraded it to “Buy” rating and $41 target in Thursday, October 15 report. On Wednesday, August 9 the stock rating was maintained by Jefferies with “Buy”.

Standard Motor Products, Inc. is an independent maker 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. The company has market cap of $1.07 billion. The Company’s divisions include Engine Management Segment and Temperature Control Segment. It has a 16.89 P/E ratio. The Engine Management Segment makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems.

More notable recent Standard Motor Products, Inc. (NYSE:SMP) news were published by: Prnewswire.com which released: “Standard Motor Products Launches New Interactive Buyer’s Guide for Standard” on July 27, 2017, also Prnewswire.com with their article: “Standard Motor Products Releases 333 New Parts for Standard® and Intermotor®” published on August 14, 2017, Prnewswire.com published: “Standard Motor Products Receives Inaugural MERA Certification for Its Diesel …” on September 21, 2017. More interesting news about Standard Motor Products, Inc. (NYSE:SMP) were released by: Seekingalpha.com and their article: “More on Standard Motor Products’ Q2” published on July 31, 2017 as well as Prnewswire.com‘s news article titled: “Standard Motor Products, Inc. Announces Second Quarter 2017 Earnings …” with publication date: July 28, 2017.

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