Media headlines about Standard Motor Products (NYSE:SMP) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Standard Motor Products earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 44.7588486575845 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Director Emeritus of Standard Motor Products (NYSE:SMP), Sills Peter J, sells 2,440 shares worth $117,803 (empowerednews.net)
- Standard Motor Products, Inc. (SMP) VP Sells $48,350.00 in Stock (americanbankingnews.com)
- Standard Motor Products, Inc. (SMP) SVP Sells $54,106.14 in Stock (americanbankingnews.com)
- Standard Motor Products, Inc. (SMP) CEO Sells $51,505.40 in Stock (americanbankingnews.com)
- Insider Selling: Standard Motor Products, Inc. (SMP) EVP Sells 1,600 Shares of Stock (americanbankingnews.com)
Standard Motor Products (NYSE:SMP) traded down 0.21% during trading on Wednesday, hitting $47.67. 115,550 shares of the stock traded hands. The company has a market cap of $1.09 billion, a P/E ratio of 17.77 and a beta of 1.80. Standard Motor Products has a 12 month low of $43.29 and a 12 month high of $55.37. The company’s 50 day moving average price is $46.39 and its 200 day moving average price is $48.75.
Standard Motor Products (NYSE:SMP) last posted its earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.18). The business had revenue of $312.73 million for the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. On average, equities research analysts anticipate that Standard Motor Products will post $2.87 EPS for the current fiscal year.
SMP has been the subject of a number of research reports. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of Standard Motor Products in a research report on Wednesday, August 9th. BidaskClub raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Standard Motor Products from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $54.00.
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In other news, CEO Eric Sills sold 1,060 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $48.59, for a total value of $51,505.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carmine Joseph Broccole sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $48.18, for a total value of $54,106.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,428 shares of company stock valued at $4,508,439. 6.60% of the stock is owned by company insiders.
Standard Motor Products Company Profile
Standard Motor Products, Inc is an 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. The Company’s segments include Engine Management Segment and Temperature Control Segment.
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