Earnings Results Analysis: Standard Motor Products Inc. (NYSE: SMP)

Elizabeth Villa

I am Elizabeth Villa and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets.

I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

Address: 4211 Angie Drive, Los Angeles, CA 90017, USA
Phone: (+1) 714-933-4836
Email: elizabeth.villa@up24news.com
Elizabeth Villa

LONG ISLAND CITY, N.Y., July 12, 2019 – Shares of Standard Motor Products Inc. (NYSE: SMP) declined -1.63% to $43.54. The stock grabbed the investor’s attention and traded 79.965K shares as compared to its average daily volume of 83.35K shares. The stock’s institutional ownership stands at 79.90%.

Standard Motor Products Inc. (SMP) reported first-quarter net income of $12.20M. On a per-share basis, the Long Island City, New York-based company said it had profit of 53 cents. Earnings, adjusted to account for suspended operations, were 57 cents per share.

Consolidated net sales for the first quarter of 2019 were $283.80M, contrast to consolidated net sales of $261.80M during the comparable quarter in 2018. Earnings from continuing operations for the first quarter of 2019 were $13.10M or 57 cents per diluted share, contrast to $8.60M or 37 cents per diluted share in the first quarter of 2018. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2019 were $13.10M or 57 cents per diluted share, contrast to $10.50M or 46 cents per diluted share in the first quarter of 2018.

SMP has a market value of $975.30M while its EPS was booked as $2.68 in the last 12 months. The stock has 22.40M shares outstanding. In the profitability analysis, the company has gross profit margin of 28.60% while net profit margin was 4.20%. Beta value of the company was 1.11; beta is used to measure riskiness of the security.

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Elizabeth Villa

I am Elizabeth Villa and I have over 16 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 4211 Angie Drive, Los Angeles, CA 90017, USA Phone: (+1) 714-933-4836 Email: elizabeth.villa@up24news.com

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