SMP Stock Recent News

NEW YORK , Feb. 20, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and twelve months ended December 31, 2023, before the market opens on Thursday, February 22, 2024. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 22, 2024.

While the auto replacement parts industry is grappling with high operational costs, logistical and supply chain disruptions among other challenges, LKQ, DORM and SMP are still worth considering.

Standard Motor Products' stock has underperformed the market despite positive revenue growth and attractively priced shares. The company's revenue growth was driven by its Engineered Solutions and Engine Management units. Net income dropped due to increased selling, general, and administrative costs, as well as higher interest expenses, and cash flows have been mixed.

NEW YORK, Oct. 25, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and nine months ended September 30, 2023, on Friday, October 27, 2023, before the opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Friday, October 27, 2023.

Standard Motor Products (SMP) reported earnings 30 days ago. What's next for the stock?

Revenues increased in the past few years, boosted by acquisitions, but have stalled as a major customer declared bankruptcy. Cost-saving initiatives and pricing actions caused a slight improvement in profit margins in the second quarter of 2023. Interest expenses are skyrocketing, but ongoing inventory destocking should allow for a successful deleverage of the balance sheet.

Standard Motor's (SMP) Q2 earnings decline year over year and also fall short of the Zacks Consensus Estimate amid lower-than-anticipated revenues from Vehicle Control and Temperature Control units.

NEW YORK , July 27, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and six months ended June 30, 2023, on Wednesday, August 2, 2023, before the opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, August 2, 2023.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Standard Motor Products has a good dividend rising at a CAGR of 10% over the last 10 years. The company is in a recession resistant business. SMP stock is at its lowest price in 5 years, except for the 2020s COVID-19 slowdown.