Standard Motor Products (SMP) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.48. The company posted revenue of $238.90 million in the period, compared to analysts expectations of $236.23 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Standard Motor Products. Sidoti Initiated Standard Motor Products on Apr 18, 2016 to “Buy”, Price Target of the shares are set at $44.
Standard Motor Products closed down -0.13 points or -0.37% at $35.38 with 72,291 shares getting traded on Monday. Post opening the session at $35.63, the shares hit an intraday low of $35.28 and an intraday high of $35.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 4, 2015, Frederick D Sturdivant (director) sold 1,500 shares at $44.16 per share price. According to the SEC, on Nov 4, 2015, Ray Nicholas (VP IT & CIO) sold 1,756 shares at $44.01 per share price. On Nov 4, 2015, Dale Burks (VP Global Sales & Marketing) sold 2,056 shares at $44.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Standard Motor Products Inc. is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry. The Company is organized into two operating segments each of which focuses on specific lines of replacement parts. The Companys Engine Management Segment manufactures ignition and emission parts ignition wires battery cables fuel system parts and sensors for vehicle systems. The Companys 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. The Company sells its products to warehouse distributors large retail chains original equipment manufacturers and original equipment service part operations in the United States Canada Latin America and Europe.