NYSE:SMPAuto Components
Standard Motor Products (SMP) Stock Draws Attention With Stronger Margins And Low P/E
Standard Motor Products stock jumped 6.0% to US$41.12 after the Q2 print, a sharp move for a steady auto parts supplier that usually trades quietly. The market latched on to one thing: profitability is moving in the right direction, even as growth expectations stay fairly modest.
The headline for you is simple: Q2 basic earnings per share came in at about US$1.42 on revenue of roughly US$501.6m, and trailing net profit margins now sit near 4.9%. The bigger question is whether that improving...