For its first fiscal quarter (ending March 31), Standard Motor Products Inc. (NYSE: SMP) has reported a -24% decline in E.P.S. from $0.59 a year ago to $0.45 in the current quarter. Relative to the consensus estimate of $0.57, this was a shortfall of $-0.12. For the latest four quarters through March 31, E.P.S. were $2.77 versus $3.03 for the same period a year ago — a decline of -9%.
Recent Price Action
Standard Motor Products Inc. (NYSE: SMP) stock enjoyed a large increase of 2.1% on 5/1/24. The stock closed at $32.78. Moreover, trading volume in this advance was above average at 145% of normal. The stock has been weak relative to the market over the last nine months and has declined -0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SMP is expected to continue to be a Value Builder.
Standard Motor Products has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Standard Motor Products has a neutral Appreciation Score of 54 but a poor Power Rating of 19, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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