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Date | Price Target | Rating | Analyst |
---|---|---|---|
6/10/2022 | $62.00 | Buy | MKM Partners |
Nissens has annual revenues of approximately $260 million with a mid-teens EBITDA margin rate.
Roth MKM analyst Scott Stember reiterates Standard Motor Products (NYSE:SMP) with a Buy and maintains $42 price target.
Standard Motor Products (NYSE:SMP) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.37 by 21.62 percent. This is a 26.23 percent decrease over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $331.40 million which beat the analyst consensus estimate of $321.84 million by 2.97 percent. This is a 1.03 percent increase over sales of $328.03 million the same period last year.
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- 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, 2024. Net sales for the second quarter of 2024 were $389.8 million, compared to consolidated net sales of $353.1 million during the comparable quarter in 2023. Earnings from continuing operations for the second quarter of 2024 were $18.0 million or $0.81 per diluted share, compared to $18.4 million or $0.83 per diluted share in the second quarter o
NEW YORK, July 29, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and six months ended June 30, 2024, on Thursday, August 1, 2024, before the opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, August 1, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP 2Q 2024 Earnings
Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control productsExpands SMP's portfolio of powertrain-neutral product categoriesPurchase price of $388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergiesWill be immediately and meaningfully accretive in the first full year of the transaction $8-12M in estimated run-rate cost synergies within 24 months, with additional opportunity for meaningful revenue synergiesNEW YORK, July 10, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced it has reac
8-K - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Filer)
10-Q - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Filer)
8-K - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Filer)
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SC 13G - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Subject)
SC 13D - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Subject)
SC 13G/A - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Subject)
MKM Partners initiated coverage of Standard Motor with a rating of Buy and set a new price target of $62.00
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $750 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders (the "Credit Facility"). The Credit Facility includes $310 million of term loans and a $440 million revolving credit facility, and allows for borrowing in multiple currencies. In addition, SMP intends to use interest rate swap agreements to fix the interest rate on approximately $200 million of borrowings.
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- 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, 2024. Net sales for the second quarter of 2024 were $389.8 million, compared to consolidated net sales of $353.1 million during the comparable quarter in 2023. Earnings from continuing operations for the second quarter of 2024 were $18.0 million or $0.81 per diluted share, compared to $18.4 million or $0.83 per diluted share in the second quarter o
NEW YORK, April 19, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is proud to announce the publication of its third Corporate Sustainability Report that highlights SMP's continued commitment to being environmentally and socially responsible. It also provides insights into SMP's initiatives, future goals, and achievements in relation to its business, employees, communities and the planet. SMP's 2022 Corporate Sustainability Report highlights a continued commitment to environmental and social responsibility.Eric Sills, Chief Executive Officer of SMP, stated, "On beha
NEW YORK, April 4, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today that Alejandro Cesar Capparelli has been appointed as an independent director to the Company's Board of Directors. Mr. Capparelli will serve as a member of the Audit Committee, Compensation and Management Development Committee, Nominating and Corporate Governance Committee, and Strategic Planning Committee. In connection with the addition of Mr. Capparelli, the Board of Directors increased the size of the Board from ten to
Julien Mininberg, Jaymin Patel and Pamela Puryear, Ph.D., Bring Significant Technology, Distribution, Consumer Brand and Human Resources Expertise Food solutions company SpartanNash (the "Company") (NASDAQ:SPTN) today announced that, following a comprehensive board refreshment process, three new independent directors, Julien Mininberg, Jaymin Patel and Pamela Puryear, Ph.D., have been appointed to the Company's Board of Directors (the "Board"), effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220207005303/en/Julien Mininberg (Photo: Business Wire) "Since last summer, our Board has undertaken a deliberate and