Standard Motor Products, Inc. C (NYSE:SMP):
Standard Motor Products, Inc. Announces Supply Agreement with PurePower TechnologiesÂ®.
In the market the company is trading up by 1.32% since yesterday’s close of $47.01.
Standard Motor Products, Inc. C also recently declared a dividend that was paid on Thursday the 1st of September 2016. The dividend payment was $0.170 per share for the quarter which comes to $0.68 on an annualized basis. This dividend amount was represent a yeild of $1.42. The ex-dividend date was Thursday the 11th of August 2016.
It is currently trading at $47.63 barely above the 50 day moving average which is $46.90 and just above the 200 day moving average of $41.47. The 50 day moving average moved up $0.73 and the 200 day average was up $6.16.
The P/E ratio is 19.95 and market capitalization is 1.08B. In the last earnings report the EPS was $2.39 and is expected to be $2.90 for the current year with 22,716,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.66 with next year’s EPS anticipated to be $3.28.
Several Wall Street investment firms have released opinions on the stock. Equity analyst Sidoti & Co. began coverage of the stock giving it an initial rating of “Buy”. On February 29 Jefferies left the stock rating at “Buy” and moved down the price target from $48.00 to $45.00.
On January 25 the company was upgraded from “Neutral” to “Buy” by CL King. On June 23, 2015 CL King initiated coverage on SMP with an initial rating of “Neutral”.