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

October 13, 2017 - By Dolores Ford

 EPS for Standard Motor Products, Inc. (SMP) Expected At $0.87
Investors sentiment decreased to 1.37 in Q2 2017. Its down 0.40, from 1.77 in 2017Q1. It worsened, 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.
Ubs Asset Mngmt Americas invested in 0% or 4,213 shares. Bnp Paribas Arbitrage reported 0% stake. Teton Advsr accumulated 122,200 shares or 0.63% of the stock. Royal Bank & Trust Of Canada stated it has 0% in Standard Motor Products, Inc. (NYSE:SMP). Principal Fin Inc accumulated 165,896 shares or 0.01% of the stock. Deutsche Fincl Bank Ag owns 193,161 shares for 0.01% of their portfolio. Pnc Fincl Services Grp Inc invested in 113,673 shares or 0.01% of the stock. Metropolitan Life Ins Com holds 0.01% or 14,248 shares. Minnesota-based Us National Bank De has invested 0% in Standard Motor Products, Inc. (NYSE:SMP). Park Natl Corporation Oh has 0.01% invested in Standard Motor Products, Inc. (NYSE:SMP) for 4,395 shares. Fmr Limited Liability Company holds 2.01 million shares or 0.01% of its portfolio. Retail Bank Of New York Mellon Corp accumulated 0% or 337,798 shares. Goldman Sachs Group accumulated 326,883 shares. First Quadrant Ltd Partnership Ca owns 3,900 shares. Lsv Asset stated it has 0% in Standard Motor Products, Inc. (NYSE:SMP).

Since May 9, 2017, it had 0 insider purchases, and 8 insider sales for $1.61 million activity. Another trade for 1,344 shares valued at $67,590 was sold by SILLS PETER J. $503,400 worth of Standard Motor Products, Inc. (NYSE:SMP) was sold by SILLS ARTHUR S on Tuesday, May 9. $355,414 worth of Standard Motor Products, Inc. (NYSE:SMP) was sold by SILLS LAWRENCE I on Tuesday, June 13. 2,000 Standard Motor Products, Inc. (NYSE:SMP) shares with value of $98,980 were sold by Broccole Carmine Joseph.

Analysts await Standard Motor Products, Inc. (NYSE:SMP) to report earnings on October, 26. They expect $0.87 earnings per share, down 5.43 % or $0.05 from last year’s $0.92 per share. SMP’s profit will be $19.84 million for 13.48 P/E if the $0.87 EPS becomes a reality. After $0.81 actual earnings per share reported by Standard Motor Products, Inc. for the previous quarter, Wall Street now forecasts 7.41 % EPS growth. 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. The rating was maintained by Jefferies on Monday, September 11 with “Buy”. Sidoti initiated the shares of SMP in report on Monday, April 18 with “Buy” rating. The stock has “Mkt Perform” rating by FBR Capital on Friday, February 17. The firm earned “Buy” rating on Tuesday, October 20 by Jefferies. The stock of Standard Motor Products, Inc. (NYSE:SMP) earned “Buy” rating by Jefferies on Thursday, July 6. BB&T Capital upgraded Standard Motor Products, Inc. (NYSE:SMP) rating on Thursday, October 15. BB&T Capital has “Buy” rating and $41 target. Jefferies maintained the shares of SMP in report on Thursday, August 4 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Wednesday, August 9.

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

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