Standard Motor Products: Good Earnings Outlook With Good P/E Ratio [Seeking Alpha]
Standard Motor Products, Inc. (SMP)
Last standard motor products, inc. earnings: 4/29 08:30 am
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US:NYSE Investor Relations:
smpcorp.com/en
Company Research
Source: Seeking Alpha
The company's profitability declined in 2023, with sales falling by 1% and selling, general, and administrative expenses increasing. Despite the decline in profitability, Standard Motor Products improved its balance sheet by reducing long-term debt and increasing shareholder equity. Standard Motor Products ( NYSE: SMP ), an automotive parts manufacturer saw its stock plummet last month after reporting disappointing fourth quarter earnings . The selloff intensified in the couple of weeks following the report until the stock made a new 52 week low, down 25%. After reviewing the company's earnings report and outlook, I purchased shares of Standard Motor Products as I believe the company is a good value play for investors. Standard Motor Product's profitability did take a hit in 2023. The company saw sales fall by 1% to $1.36 billion. Fortunately, the cost of sales dropped by more than revenue, which allowed gross profit to grow by $6 million to $389 million. Where the pain came fr
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SMP
News
- Standard Motor Products Introduces 268 New Numbers [Yahoo! Finance]Yahoo! Finance
- Waytek Presents Outstanding Growth Award to SMP TrombettaPR Web
- Standard Motor Products (NYSE:SMP) Has More To Do To Multiply In Value Going Forward [Yahoo! Finance]Yahoo! Finance
- Standard Motor Products, Inc. (NYSE: SMP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Standard Motor Products Announces 123 New Numbers [Yahoo! Finance]Yahoo! Finance
SMP
Earnings
- 2/22/24 - Miss
SMP
Analyst Actions
- 2/23/24 - TheStreet
SMP
Sec Filings
- 4/16/24 - Form ARS
- 4/16/24 - Form DEF
- 2/22/24 - Form 10-K
- SMP's page on the SEC website