Standard Motor Products (NYSE:SMP) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Standard Motor Products (NYSE:SMP) released its quarterly earnings results on Thursday. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05, Zacks reports. The business had revenue of $451.17 million during the quarter, compared to the consensus estimate of $429.07 million. Standard Motor Products had a return on equity of 13.15% and a net margin of 2.31%.

Here are the key takeaways from Standard Motor Products’ conference call:

• Q1 consolidated sales rose 9.1% year?over?year, adjusted EBITDA was 9.9% of net sales, and non?GAAP diluted EPS was $0.82.
• Vehicle Control sales grew 11.2% driven by customer assortment/pipeline orders and steady mid?single?digit POS; Temperature Control was up 0.7% (preseason timing shift), Engineered Solutions rebounded +12.6%, and Nissens sales rose 12.4% largely due to currency translation.
• Company is executing a $1-for-$1 tariff pass-through, which management says offsets costs but causes gross?margin compression and pressures EBITDA margins versus prior year.
• Full?year 2026 guidance is unchanged: sales growth in the low? to mid?single?digit range and adjusted EBITDA margin of 11%–12%, with expected interest ?$30M, tax rate 27.5%–28%, and D&A $45M–$50M.
• Nissens integration is contributing cross?sell opportunities and management expects $8M–$12M of cost savings run?rate by end of 2026; net debt was ~$599M with leverage at 3x and a plan to reach 2x by year?end.

Standard Motor Products Trading Up 1.7%

NYSE:SMP traded up $0.64 on Thursday, reaching $37.54. The stock had a trading volume of 125,081 shares, compared to its average volume of 130,120. The company has a market cap of $835.53 million, a price-to-earnings ratio of 20.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 0.69. The firm’s fifty day moving average is $37.60 and its two-hundred day moving average is $38.61. Standard Motor Products has a 12-month low of $26.61 and a 12-month high of $46.00.

Standard Motor Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.32 annualized dividend and a yield of 3.5%. Standard Motor Products’s payout ratio is presently 71.35%.

Hedge Funds Weigh In On Standard Motor Products

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its stake in shares of Standard Motor Products by 6.2% during the fourth quarter. Osaic Holdings Inc. now owns 6,142 shares of the auto parts company’s stock valued at $226,000 after buying an additional 358 shares during the period. LPL Financial LLC grew its stake in Standard Motor Products by 6.1% in the 4th quarter. LPL Financial LLC now owns 6,946 shares of the auto parts company’s stock worth $256,000 after acquiring an additional 397 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Standard Motor Products by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the auto parts company’s stock valued at $310,000 after acquiring an additional 546 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Standard Motor Products by 9.4% during the 4th quarter. Verition Fund Management LLC now owns 13,400 shares of the auto parts company’s stock worth $494,000 after purchasing an additional 1,150 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Standard Motor Products by 6.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 20,217 shares of the auto parts company’s stock worth $745,000 after purchasing an additional 1,232 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SMP shares. Zacks Research upgraded shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Weiss Ratings lowered shares of Standard Motor Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 10th. Finally, Wall Street Zen downgraded Standard Motor Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $49.00.

Standard Motor Products Company Profile

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.