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What Makes Standard Motor Products (SMP) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-08-18 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1]. Company Overview: Standard Motor Products (SMP) - SMP currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2]. - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3]. Performance Metrics - Over the past week, SMP shares increased by 2.14%, while the Zacks Automotive - Replacement Parts industry rose by 2.72% [5]. - In a longer timeframe, SMP's monthly price change is 21.55%, outperforming the industry's 10.7% [5]. - SMP shares have risen by 32.56% over the past quarter and 25.67% over the last year, compared to the S&P 500's increases of 9.33% and 17.71%, respectively [6]. Trading Volume - SMP's average 20-day trading volume is 231,016 shares, which serves as a bullish indicator when combined with rising stock prices [7]. Earnings Outlook - In the past two months, one earnings estimate for SMP has increased, raising the consensus estimate from $3.58 to $3.67 [9]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9]. Conclusion - Given the positive momentum indicators and earnings outlook, SMP is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for investors seeking short-term gains [11].
Standard Motor Products (SMP) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2025-08-12 14:46
Company Overview - Standard Motor Products Inc. is a leading manufacturer, distributor, and marketer of premium automotive replacement parts for engine management and temperature control systems, founded in 1919 [11] - The company started reporting results in four segments: Vehicle Control, Temperature Control, Engineered Solutions, and Nissens Automotive from February 2025 [11] Investment Ratings - Standard Motor Products holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, indicating strong potential for investors [12] - The company is considered a top pick for growth investors, with a Growth Style Score of B, forecasting year-over-year earnings growth of 15.8% for the current fiscal year [12] Earnings Estimates - In the last 60 days, one analyst revised their earnings estimate upwards, with the Zacks Consensus Estimate increasing by $0.09 to $3.67 per share [12] - Standard Motor Products boasts an average earnings surprise of +40.4%, highlighting its strong performance relative to expectations [12] Investment Considerations - With a solid Zacks Rank and top-tier Growth and VGM Style Scores, Standard Motor Products is recommended for investors' consideration [13]
Standard Motor Products, Inc. (SMP) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-08-07 14:16
Have you been paying attention to shares of Standard Motor Products (SMP) ? Shares have been on the move with the stock up 8.7% over the past month. The stock hit a new 52-week high of $36.8 in the previous session. Standard Motor Products has gained 18.1% since the start of the year compared to the -13.1% move for the Zacks Auto-Tires-Trucks sector and the -10.9% return for the Zacks Automotive - Replacement Parts industry.What's Driving the Outperformance?The stock has a great record of positive earnings ...
Standard Motor Q2 Earnings Beat Expectations, Revenues Rise Y/Y
ZACKS· 2025-08-06 15:06
Core Insights - Standard Motor Products (SMP) reported second-quarter 2025 adjusted earnings per share (EPS) of $1.29, exceeding the Zacks Consensus Estimate of 97 cents and increasing from 98 cents in the prior-year quarter [1] - Total revenues reached $493.9 million, up from $389.8 million in the second quarter of 2024, surpassing the Zacks Consensus Estimate of $450 million [2] - Gross profit increased to $152.5 million from $111.4 million year-over-year, while operating income rose to $46.3 million from $30 million in the prior-year quarter [2] Segmental Results - Vehicle Control segment revenues were $201.7 million, a 6.9% year-over-year increase, exceeding the estimate of $178.9 million, with operating income rising to $17.1 million from $16.1 million [3] - Temperature Control segment revenues reached $131.4 million, up from $124.5 million year-over-year, driven by early customer orders, surpassing the estimate of $120.5 million; operating income increased to $19.5 million from $13.4 million [4] - Engineered Solutions segment revenues totaled $70.3 million, down 8.2% year-over-year, missing the estimate of $80.6 million, with operating income declining to $4 million from $6.2 million [5] - Nissens Automotive segment revenues were $90.5 million, exceeding the expectation of $69.5 million, with operating income of $12.8 million, surpassing the estimate of $4.9 million [5] Financial Position - As of June 30, 2025, the company had $58.8 million in cash, up from $44.4 million at the end of 2024; long-term debt increased to $605.8 million from $535.2 million [6] - Net cash used by operating activities was $5.9 million at the end of the second quarter of 2025; SG&A expenses rose 28.1% to $107.5 million [6] Dividend and Guidance - The company declared a quarterly dividend of 31 cents per share, payable on September 2, 2025, to stockholders of record as of August 15, 2025 [7] - For 2025, SMP expects sales growth in the low-20s percent range, an increase from the previous mid-teens percent estimate, and reaffirms adjusted EBITDA guidance of 10-11% of total revenues [8]
SMP(SMP) - 2025 Q2 - Quarterly Report
2025-08-05 16:49
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) New York 11-1362020 (I.R.S. Employer (State or oth ...
SMP(SMP) - 2025 Q2 - Earnings Call Transcript
2025-08-05 16:00
Financial Data and Key Metrics Changes - The company reported a nearly 27% growth in revenue for Q2 2025, with a 3.5% increase in legacy business sales, and a year-to-date growth of approximately 26% [3][4] - Adjusted EBITDA increased by $20 million, up 190 basis points to 12% [4][22] - Non-GAAP diluted earnings per share rose by 31.6% for the quarter and 47.9% year-to-date [22] Business Line Data and Key Metrics Changes - Vehicle Control segment sales increased by 6.9% in Q2, with year-to-date growth of 5.3% [17] - Temperature Control segment sales rose by 5.5% in Q2, with year-to-date growth of 12.3% [19] - Nissens Automotive contributed $90.5 million in net sales and $16.3 million in adjusted EBITDA, exceeding expectations with an 18% EBITDA margin [20][21] - Engineered Solutions segment sales declined by 8.3%, reflecting a slowdown in certain end markets [21] Market Data and Key Metrics Changes - The North American aftermarket remains stable, with strong demand for nondiscretionary products [27][28] - Nissens is outperforming the European aftermarket, gaining market share and expanding into new categories [42][44] Company Strategy and Development Direction - The company is focusing on integrating Nissens to leverage synergies and expand product offerings [10][28] - A new distribution center in Shawnee, Kansas, is expected to enhance operational efficiency and capacity [12][60] - The company is adapting to the changing tariff landscape by relocating production and implementing cost-sharing strategies with suppliers [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a challenging economic environment, with a bullish outlook for future growth [26][28] - The updated sales guidance for the full year is now in the low 20% range, reflecting strong performance and the impact of tariffs [24][25] Other Important Information - Cash used in operations decreased to $5.9 million from $10.1 million year-over-year, indicating improved cash flow management [22] - The company plans to continue monitoring interest rates for potential refinancing opportunities [56] Q&A Session Summary Question: Pricing trends in the second half and SKU inflation assumptions - Management indicated that pricing plans are in place to cover tariff costs, with expectations for nominal increases across the offering [33] Question: Comparison of POS to sell-in and inventory builds - Vehicle Control sales were up low to mid single digits, reflecting ongoing customer expansion rather than a reaction to price increases [34][35] Question: Timing of tariff impacts and segment breakdown - Higher costs were observed in Q2 due to inventory turnover with higher tariffs, but these are expected to be offset in the second half [40][41] Question: Performance of Nissens and European aftermarket - Nissens is exceeding expectations, gaining market share and expanding into new categories, with strong performance in temperature control products [42][44] Question: Expectations for margins and efficiency post-distribution center completion - Management expects better efficiencies and cost savings from the new distribution center, although some net higher costs are anticipated initially [60][61] Question: Future tariff costs and their impact - Current tariff costs are not expected to decrease significantly, with management prepared to adapt pricing strategies as needed [63][64]
Standard Motor Products (SMP) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-08-05 15:01
Group 1 - Standard Motor Products (SMP) reported revenue of $493.85 million for the quarter ended June 2025, a year-over-year increase of 26.7% [1] - The EPS for the same period was $1.29, compared to $0.98 a year ago, indicating a significant improvement [1] - The reported revenue exceeded the Zacks Consensus Estimate of $449.97 million by 9.75%, and the EPS also surpassed the consensus estimate of $0.97 by 32.99% [1] Group 2 - Key metrics for Standard Motor Products show varied performance across different segments, with Vehicle Control revenues at $201.7 million, exceeding the average estimate of $185.97 million by 6.9% year-over-year [4] - Nissens Automotive revenues reached $90.54 million, significantly higher than the average estimate of $69.75 million [4] - Temperature Control revenues were reported at $131.37 million, above the estimated $119.25 million, reflecting a 5.5% year-over-year increase, while Engineered Solutions revenues fell to $70.25 million, below the estimated $77.28 million, marking an 8.3% decline [4] Group 3 - Over the past month, shares of Standard Motor Products have returned -5.1%, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
SMP(SMP) - 2025 Q2 - Earnings Call Presentation
2025-08-05 15:00
Investor Presentation Second Quarter 2025 NYSE: SMP Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipated levels of future performance, are based on current information and assumptions and involve risks and uncertainties which may cause actual results to differ m ...
SMP(SMP) - 2025 Q2 - Quarterly Results
2025-08-05 14:02
Exhibit 99.1 For Immediate Release For more information, contact: Anthony (Tony) Cristello Standard Motor Products, Inc. (972) 316-8107 investors@smpcorp.com Standard Motor Products, Inc. Releases Second Quarter 2025 Results and Quarterly Dividend New York, NY, August 5, 2025......Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and six months ended June 30, 2025. Net sales for the second quart ...
STAGWELL LAUNCHES STAGWELL MEDIA PLATFORM (SMP), A CENTRALIZED TEAM OF GLOBAL MEDIA, TECHNOLOGY AND DATA INVESTMENT EXPERTS
Prnewswire· 2025-07-09 13:01
Core Insights - Stagwell has launched the Stagwell Media Platform (SMP), a centralized team aimed at enhancing client advantages through optimized media, technology, and data solutions [1][2][3] - Matt Adams has been appointed as Global CEO of SMP, while Marissa Jimenez will serve as Global Chief Trading and Solutions Officer, effective July 14, 2025 [2][4] - The SMP aims to streamline operations across Stagwell agencies and improve efficiency and outcomes for clients by leveraging scale and technology [3][4] Company Structure and Leadership - Matt Adams will continue his role as Global Chief Operating Officer of Assembly Global while leading SMP [2] - Marissa Jimenez brings 20 years of experience from Dentsu US, where she served as EVP, Commercial, and will report to Adams [2] Strategic Objectives - The SMP is designed to enhance collaboration and efficiency across all Stagwell agencies, utilizing partnerships to optimize media and technology investments [3][4] - The platform offers a suite of solutions that aim to reposition and expand business operations in a consolidating, addressable market [5]