Standard Motor Products, Inc., headquartered in Long Island City, New York, manufactures and distributes automotive replacement parts across three segments: Engineered Solutions, Vehicle Control, and Temperature Control. The company serves both aftermarket retailers and original equipment manufacturers globally, employing 4,900 people.
SMP has been in the news recently: In Q2 2024, Standard Motor Products reported a revenue of $389.8 million, reflecting a 10% increase, while net income decreased by 2.1% to $18 million, resulting in an earnings per share (EPS) of $0.83. The company's estimated fair value is $35.61, with a current share price of $32.69, indicating it is fairly priced, and it will pay a dividend of $0.29 on September 3rd, which represents a 3.5% yield, despite facing potential earnings challenges.
📡️ Consumer Discretionary
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