Standard Motor Products Stock (NYSE: SMP)

Standard Motor Products (NYSE:SMP) Stock

Standard Motor Products

Standard Motor Products Inc is a manufacturer and distributor of premium automotive parts used in the maintenance, service, and repair of vehicles in the automotive aftermarket industry. It operates into three business segments namely Engineered Solutions, Vehicle Control, and Temperature Control. The company focuses on the original equipment and original equipment services markets, with a product lineup of replacement parts for engine management ignition, emission, and fuel systems, as well as temperature-control products. The company operates majorly in the United States, with additional sales in Canada, Europe, Asia, Mexico, and other Latin American countries.

Sector ETFs

Small Cap

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AMZN

AWAY

COST

The United States will be showered with love as 56% of its adults are planning to celebrate this Valentine&#39;s Day. About 28% of the population will observe the occasion. Spending would be a total of $27.5 billion (an average of $188.81 per person, up from $185.81 in 2024), per NRF.

ETFs &amp; Stocks To Gift Your Valentine This Year

Long Ideas

News

Penny Stocks

Pre-Market Outlook

Markets

Trading Ideas

SFIX

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Top 3 Consumer Stocks That Could Lead To Your Biggest Gains This Quarter

ARKO

BGFV

RIVN

Top 5 Consumer Stocks You&#39;ll Regret Missing This Quarter

Standard Motor Products, Inc. Common Stock

Standard Motor Products Inc

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Strategic Management & Opportunity Corp

The United States will be showered with love as 56% of its adults are planning to celebrate this Valentine&#39;s Day. About 28% of the population will observe the occasion. Spending would be a total of $27.5 billion (an average of $188.81 per person, up from $185.81 in 2024),&nbsp;<a href="https://nrf.com/research-insights/holiday-data-and-trends/valentines-day" target="_blank">per NRF</a>. The amount is up from last year&#39;s $25.8 billion and slightly above the previous record of $27.4 billion set in 2020.&nbsp;
Naturally, the day of love will translate into a great day for business. But exchanging chocolates, greeting cards, flowers, and precious metals as gifts may seem clich&eacute;d to some people lately. Instead, impress your loved one in a unique way with stocks of companies that are likely to do good business this Valentine&#39;s Day.
Let&#39;s dive a little deeper.
<h2>Candies, Cards &amp; Flowers Continue to Remain Age-Old Gift</h2>
About 56% of consumers are planning to buy candies, followed by greeting cards (40%) and flowers (40%). Zacks Rank #3 (Hold)&nbsp;Simply Good Foods (SMPL) is likely to be one of the best bets this year. When it comes to ETF investing, companies within First Trust Nasdaq Food &amp; Beverage ETF&nbsp;FTXG and Invesco Dynamic Food &amp; Beverage ETF&nbsp;PBJ should do good business on this day of love.
<h2>Gifting Precious Metals Is Ageless</h2>
Gifting jewelry this Valentine&#39;s Day has become more popular than ever before. About 22% of the population plans to spend on jewelry. Total spending on jewelry could touch a high of $6.5 billion, per NRF. Forget gifting precious metal in physical form, gift gold bullion ETF&nbsp;SPDR Gold Shares&nbsp;GLD. It is up about 9% this year. Gold is considered to be a safe haven and may gain strength if stock volatility persists.
<h2>Gifting an Experience: An Emerging Trend</h2>
About 35% of people are planning an evening out and are likely to spend about $5.4 billion. In this regard, restaurant ETF&nbsp;AdvisorShares Restaurant ETF&nbsp;EATZ and experience ETFs like&nbsp;Amplify Travel Tech ETF AWAY&nbsp;should benefit. As far as stocks are concerned, Zacks Rank #2 (Buy) players&nbsp;Intercontinental Hotels Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ihg#NYSE">IHG</a>)and Darden Restaurants DRI are good bets.
<h2>Shopping Online: The Latest Fad</h2>
About 38% of consumers are planning to buy their Valentine&#39;s gifts online this year.&nbsp;ProShares Online Retail ETF&nbsp;(ONLN) is a beneficiary of the trend. With all the celebrations around, who can forget&nbsp;Amazon&nbsp;AMZN, a hot destination for online shopping?
<h2>Dollar Store: A Winner Too?</h2>
Visiting department stores (34%) and discount stores (29%) would also remain in trend. Consumers will look for sales and promotions while celebrating Valentine&#39;s Day this year. Several discount retailers like Zacks Rank #2&nbsp;Costco&nbsp;COST may win from the trend and make&nbsp;VanEck Vectors Retail ETF&nbsp;RTH a gainer.
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=COST&amp;ADID=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_COST&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Costco Wholesale Corporation (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;t=SMP&amp;ADID=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_SMP&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Standard Motor Products, Inc. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>): Free Stock Analysis Report 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_AWAY&amp;d_alert=rd_final_rank&amp;t=AWAY&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">Amplify Travel Tech ETF (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/away#NASDAQ">AWAY</a>): ETF Research Reports 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_GLD&amp;d_alert=rd_final_rank&amp;t=GLD&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">SPDR Gold Shares (ETF:GLD): ETF Research Reports</a> 
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<a href="https://www.zacks.com/registration/pfp/?ALERT=ETF225&amp;adid=SYND_BENZ_TCK_ETFNEWSANDCOMMENTARY_2416017_EATZ&amp;d_alert=rd_final_rank&amp;t=EATZ&amp;split=1&amp;cid=CS-BENZ-FT-etf_news_and_commentary-2416017">AdvisorShares Restaurant ETF (EATZ): ETF Research Reports</a>
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ETFs & Stocks To Gift Your Valentine This Year

Dividends

Standard Motor Products Announces An Increase In Its Quarterly Common Stock Dividend From $0.29 Per Share To $0.31 Per Share, Payable On March 3, 2025, To Shareholders Of Record On February 14, 2025.

WIIM

Standard Motor Products shares are trading higher after the company reported better-than-expected Q3 financial results.

Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.11 by 15.32 percent. The company reported quarterly sales of $399.300 million which beat the analyst consensus estimate of $395.693 million by 0.91 percent. This is a 3.34 percent increase over sales of $386.413 million the same period last year.

Earnings

Earnings Beats

Standard Motor Products Q3 2024 Adj. EPS $1.28 Beats $1.11 Estimate, Sales $399.300M Beat $395.693M Estimate

Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that Standard Motor Products will report an earnings per share (EPS) of $1.11. 
Standard Motor Products bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.20, which was followed by a 0.94% drop in the share price the next day.
Here's a look at Standard Motor Products's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.78</td>
<td>0.37</td>
<td>0.63</td>
<td>0.98</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.98</td>
<td>0.45</td>
<td>0.37</td>
<td>1.11</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>-2.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730228503_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Standard Motor Products were trading at $29.61 as of October 28. Over the last 52-week period, shares are down 19.16%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SMP/earnings">To track all earnings releases for Standard Motor Products visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Standard Motor Products

Standard Motor Products Q2 2024 Adj. EPS $0.98 Beats $0.78 Estimate, Sales $389.829M Beat $365.599M Estimate

Nissens has annual revenues of approximately&nbsp;$260 million&nbsp;with a mid-teens EBITDA margin rate.

Standard Motor Products, To Acquire European Aftermarket Supplier Nissens Automotive; Company Says Purchase Price Of $388M Represents Approximately 7.5X EBITDA Multiple Inclusive Of Estimated Run-rate Cost Synergies

Roth MKM analyst Scott Stember reiterates Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) with a Buy and maintains $42 price target.

Price Target

Reiteration

Analyst Ratings

Roth MKM Reiterates Buy on Standard Motor Products, Maintains $42 Price Target

Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) 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.

Standard Motor Products Q1 Adj $0.45 Beats $0.37 Estimate, Sales $331.40M Beat $321.84M Estimate

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Standard Motor Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>)</h3>
<ul>
<li>On Feb. 22, Standard Motor Products reported worse-than-expected fourth-quarter financial results and issued guidance. Mr. Eric Sills, Standard Motor Products&#39; Chairman and Chief Executive Officer stated, &quot;Overall we were disappointed in our results. Sales were down 1% in 2023, with the fourth quarter finishing softer than expected, down 5.7% from last year. As we look at our two end markets, we were very pleased with the continued solid performance in our Engineered Solutions business as we experienced strong growth with both new and existing customers.&quot; The company&rsquo;s stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/SMP">52-week low of $30.09 </a>.</li>
<li>RSI Value: 29.40</li>
<li>SMP Price Action: Shares of Standard Motor Products gained 0.4% to close at $31.14 on Wednesday.</li>
</ul>
<h3>Foot Locker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fl#NYSE">FL</a>)</h3>
<ul>
<li>On March 6, Foot Locker reported fourth-quarter FY23 sales growth of 2% year-on-year to $2.38 billion, beating the analyst consensus estimate of $2.28 billion. The company&rsquo;s stock fell around 23% over the past month. It <a href="https://www.benzinga.com/quote/FL"> has a 52-week low </a> of $14.84.</li>
<li>RSI Value: 28.57</li>
<li>FL Price Action: Shares of Foot Locker fell 4.8% to close at $23.18 on Wednesday.</li>
</ul>
<h3>Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>)</h3>
<ul>
<li>On March 4, Stitch Fix reported quarterly losses of 30 cents per share which missed the analyst consensus estimate of losses of 20 cents per share. &ldquo;The original Stitch Fix vision, to create an easier and more enjoyable way for people to shop for clothing and accessories, remains both relevant and compelling,&rdquo; said Matt Baer, CEO of Stitch Fix. The company&rsquo;s stock fell around 38% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/SFIX"> low of $2.30.</a></li>
<li>RSI Value: 28.03</li>
<li>SFIX Price Action: Shares of Stitch Fix fell 0.9% to close at $2.32 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37657563/1-5m-bet-on-this-tech-stock-check-out-these-3-stocks-insiders-are-buying"> $1.5M Bet On This Tech Stock? Check Out These 3 Stocks Insiders Are Buying </a>

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Arko Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arko#NASDAQ">ARKO</a>)</h3>
<ul>
<li>On Feb. 27, ARKO reported worse-than-expected fourth-quarter revenue results and issued FY24 net income guidance. &ldquo;Reflecting on our first three years as a public company, we have significantly broadened our geographic footprint through acquisitions, and have delivered approximately $166 million in net income and approximately $850 million in cumulative adjusted EBITDA over this period,&rdquo; said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO. The company&rsquo;s stock fell around 18% over the past five days and has a <a href="https://www.benzinga.com/quote/ARKO">52-week low of $6.26 </a>.</li>
<li>RSI Value: 24.14</li>
<li>ARKO Price Action: Shares of Arko gained 0.2% to close at $6.51 on Monday.</li>
</ul>
<h3>Choice Hotels International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chh#NYSE">CHH</a>)</h3>
<ul>
<li>On Feb. 20, Choice Hotels Intl posted upbeat quarterly earnings. The company&rsquo;s stock fell around 9% over the past month. It <a href="https://www.benzinga.com/quote/CHH"> has a 52-week low </a> of $109.01.</li>
<li>RSI Value: 29.35</li>
<li>CHH Price Action: Shares of Choice Hotels International fell 0.2% to close at $109.60 on Monday.</li>
</ul>
<h3>Standard Motor Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>)</h3>
<ul>
<li>On Feb. 22, Standard Motor Products reported worse-than-expected fourth-quarter financial results and issued guidance. Mr. Eric Sills, Standard Motor Products&#39; Chairman and Chief Executive Officer stated, &quot;Overall we were disappointed in our results. Sales were down 1% in 2023, with the fourth quarter finishing softer than expected, down 5.7% from last year. As we look at our two end markets, we were very pleased with the continued solid performance in our Engineered Solutions business as we experienced strong growth with both new and existing customers.&quot; The company&rsquo;s stock fell around 23% over the past monthand has a 52-week <a href="https://www.benzinga.com/quote/SMP"> low of $30.15.</a></li>
<li>RSI Value: 22.34</li>
<li>SMP Price Action: Shares of Standard Motor Products fell 0.2% to close at $31.03 on Monday.</li>
</ul>
<h3>Big 5 Sporting Goods Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgfv#NASDAQ">BGFV</a>)</h3>
<ul>
<li>On Feb. 27, Big 5 Sporting Goods posted a wider-than-expected quarterly loss. The company&rsquo;s shares lost around 18% over the past five days. The company&rsquo;s 52-week low is $4.25.</li>
<li>RSI Value: 29.31</li>
<li>BGFV Price Action: Shares of Big 5 Sporting Goods dipped 5.7% to close at $4.43 on Monday.</li>
</ul>
<h3>Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>)</h3>
<ul>
<li>On Feb. 21, Rivian reported fourth-quarter revenue of $1.32 billion, which beat a Street consensus estimate of $1.26 billion, according to data from Benzinga Pro. &quot;We made great progress in 2023 despite economic headwinds, and we&#39;re excited about the year ahead. We firmly believe in the full electrification of the automotive industry but recognize in the short-term, the challenging macro-economic conditions,&quot; Rivian CEO RJ Scaringe said. The company&rsquo;s shares fell around 27% over the past month. The company <a href="https://www.benzinga.com/quote/RIVN"> has a 52-week low </a> of $10.05.</li>
<li>RSI Value: 28.05</li>
<li>RIVN Price Action: Shares of Rivian Automotive fell 3.9% to close at $10.91 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37474323/stitch-fix-target-and-3-stocks-to-watch-heading-into-tuesday"> Stitch Fix, Target And 3 Stocks To Watch Heading Into Tuesday </a>

Top 5 Consumer Stocks You'll Regret Missing This Quarter

On March 04, 2024, Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) will distribute a dividend payout of $0.55 per share, equating to an annualized dividend yield of 2.14%. Shareholders who owned the stock before the ex-dividend date on February 16, 2024 will receive this payout.
<h3>Patrick Industries Recent Dividend Payouts</h3>
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 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.55</td>
<td>2.14%</td>
<td>2024-02-05</td>
<td>2024-02-20</td>
<td>2024-03-04</td>
</tr>
<tr>
<td>2023-11-24</td>
<td style="text-align: right;">4</td>
<td>$0.55</td>
<td>2.65%</td>
<td>2023-11-15</td>
<td>2023-11-27</td>
<td>2023-12-11</td>
</tr>
<tr>
<td>2023-08-25</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>2.23%</td>
<td>2023-08-17</td>
<td>2023-08-28</td>
<td>2023-09-11</td>
</tr>
<tr>
<td>2023-06-09</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>2.63%</td>
<td>2023-05-25</td>
<td>2023-06-12</td>
<td>2023-06-26</td>
</tr>
<tr>
<td>2023-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>2.33%</td>
<td>2023-02-06</td>
<td>2023-02-21</td>
<td>2023-03-06</td>
</tr>
<tr>
<td>2022-11-25</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>3.38%</td>
<td>2022-11-11</td>
<td>2022-11-28</td>
<td>2022-12-12</td>
</tr>
<tr>
<td>2022-08-26</td>
<td style="text-align: right;">4</td>
<td>$0.33</td>
<td>2.3%</td>
<td>2022-08-10</td>
<td>2022-08-29</td>
<td>2022-09-12</td>
</tr>
<tr>
<td>2022-05-27</td>
<td style="text-align: right;">4</td>
<td>$0.33</td>
<td>2.02%</td>
<td>2022-05-13</td>
<td>2022-05-31</td>
<td>2022-06-13</td>
</tr>
<tr>
<td>2022-03-04</td>
<td style="text-align: right;">4</td>
<td>$0.33</td>
<td>1.91%</td>
<td>2022-02-22</td>
<td>2022-03-07</td>
<td>2022-03-21</td>
</tr>
<tr>
<td>2021-11-26</td>
<td style="text-align: right;">4</td>
<td>$0.33</td>
<td>1.63%</td>
<td>2021-11-12</td>
<td>2021-11-29</td>
<td>2021-12-13</td>
</tr>
<tr>
<td>2021-08-27</td>
<td style="text-align: right;">4</td>
<td>$0.28</td>
<td>1.29%</td>
<td>2021-08-13</td>
<td>2021-08-30</td>
<td>2021-09-13</td>
</tr>
<tr>
<td>2021-05-28</td>
<td style="text-align: right;">4</td>
<td>$0.28</td>
<td>1.23%</td>
<td>2021-05-14</td>
<td>2021-06-01</td>
<td>2021-06-14</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Patrick Industries finds itself in the middle among its industry peers, while Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) boasts the highest annualized dividend yield at 3.73%.
<h3>Analyzing Patrick Industries Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709564704_0.png" alt="dividend chart graph" />
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $1.03 to $1.90, indicating the company's dedication to enhancing shareholder value through increased dividends.
<h3>YoY Earnings Growth For Patrick Industries</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709564704_1.png" alt="earning chart graph" />
From 2020 to 2023, Patrick Industries has demonstrated an upward trend in earnings, with earnings per share rising from $3.23 to $6.78. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Patrick Industries and its significance for shareholders. The company has decided to distribute a dividend of $0.55 per share today, which equates to an annualized dividend yield of 2.14%.
With a dividend yield that places it neither at the top nor the bottom, Patrick Industries finds itself in the middle among its industry peers, while Standard Motor Products boasts the highest annualized dividend yield at 3.73%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Patrick Industries indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[See current stock movements Patrick Industries on Benzinga.](https://www.benzinga.com/quote/Patrick Industries (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/patk#NASDAQ">PATK</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PATK

Thriving with Robust Performance: Patrick Industries Delivers Growing Profits to Investors

Shares of Etsy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) fell sharply during Thursday&rsquo;s session after the company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37261895/4-etsy-analysts-stand-firm-on-ratings-post-q4-earnings-point-to-buyer-growth-fee-ex">mixed fourth-quarter financial results.</a>
Etsy reported quarterly earnings of 62 cents per share which missed the analyst consensus estimate of 78 cents. The company reported quarterly sales of $842.3 million, beating the analyst consensus estimate of $827.81 million. 
Etsy shares dipped 7.5% to $71.34 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) shares jumped 160.7% to $3.6499 after the company said it has acquired a 100% interest in the Company&#39;s franchisee - La Rosa Realty Winter Garden LLC located in Winter Garden, Florida.</li>
<li>BuzzFeed, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bzfd#NASDAQ">BZFD</a>) jumped 91.4% to $0.4150 after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed&rsquo;s workforce.</li>
<li>Monopar Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnpr#NASDAQ">MNPR</a>) rose 80.7% to $1.03 after the company disclosed promising preclinical data for its MNPR-101 radiopharma program targeting advanced cancers.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) shares gained 40.8% to $12.21 after posting better-than-expected fourth-quarter results.</li>
<li>Novavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvax#NASDAQ">NVAX</a>) jumped 34.7% to $5.36. Novavax has reached a settlement related to the 2021 advance purchase agreement for Novavax&#39;s prototype Covid-19 vaccine (NVX-COV2373).</li>
<li>EZFill Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezfl#NASDAQ">EZFL</a>) rose 34.3% to $1.86. EzFill announced preliminary 2023 revenues of $23 million, up 54% year over year.</li>
<li>Mercurity Fintech Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mfh#NASDAQ">MFH</a>) jumped 30% to $2.93.</li>
<li>Mativ Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/matv#NYSE">MATV</a>) gained 27.6% to $15.00 following upbeat earnings.</li>
<li>Venus Concept Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vero#NASDAQ">VERO</a>) shares climbed 26.9% to $1.6242 after the company received CE Mark from DEKRA Certification B.V. to market Venus Versa Pro in Europe.</li>
<li>Outset Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/om#NASDAQ">OM</a>) gained 26% to $4.0680 following upbeat results.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) rose 22.2% to $9.19 after announcing a $325.0 million private placement.</li>
<li>Remitly Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rely#NASDAQ">RELY</a>) shares rose 19.5% to $21.13 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>B. Riley Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rily#NASDAQ">RILY</a>) gained 19.3% to $18.13. B. Riley&rsquo;s board issued a statement regarding internal review.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) jumped 19.2% to $875.07. Supermicro announced a proposed offering of $1.5 billion of convertible senior notes due 2029.</li>
<li>Bone Biologics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bblg#NASDAQ">BBLG</a>) gained 18.4% to $3.73.</li>
<li>Amylyx Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amlx#NASDAQ">AMLX</a>) rose 17.5% to $18.00 following strong sales results.</li>
<li>ACV Auctions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acva#NASDAQ">ACVA</a>) gained 16.9% to $16.37 after the company reported better-than-expected fourth-quarter financial results and announced the settlement of its antitrust litigation related to the AutoIMS technology platform.</li>
<li>FTI Consulting, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcn#NYSE">FCN</a>) jumped 15.5% to $219.72 following upbeat results.</li>
<li>NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) rose 15.4% to $778.61 after the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for the first quarter.</li>
<li>OUTFRONT Media Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/out#NYSE">OUT</a>) gained 15.4% to $14.35 following upbeat results.</li>
<li>Lantheus Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnth#NASDAQ">LNTH</a>) rose 14.4% to $64.90 following strong results.</li>
<li>Enerplus Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/erf#NYSE">ERF</a>) rose 13.7% to $18.67.</li>
<li>Indivior PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indv#NASDAQ">INDV</a>) gained 13.3% to $19.83 following fourth-quarter results.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxrx#NASDAQ">RXRX</a>) rose 12.2% to $13.88.</li>
<li>Agile Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agrx#NASDAQ">AGRX</a>) gained 11.1% to $1.10. Agile Therapeutics was granted extension by Nasdaq Hearings Panel to regain compliance until March 25, 2024. The company sees FY23 revenue of $20 million to $21 million. Agile Therapeutics announces exercise of warrants for $4.8 million gross proceeds.</li>
<li>Synopsys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snps#NASDAQ">SNPS</a>) gained 10.7% to $601.93 after the company reported better-than-expected first-quarter adjusted EPS results and issued strong guidance.</li>
<li>Q2 Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qtwo#NASDAQ">QTWO</a>) rose 9.5% to $45.82 following strong results.</li>
<li>Eastside Distilling, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>) shares rose 7.6% to $1.0340.</li>
<li>DigitalOcean Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docn#NYSE">DOCN</a>) gained 6.8% to $38.29 following upbeat results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Draganfly Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dpro#NASDAQ">DPRO</a>) shares fell 50.3% to $0.1790 after the company announced pricing of $3.6 million underwritten public offering.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) fell 46.6% to $0.2024 after the company announced a $1.2 million registered direct offering of 6 million shares at $0.20 per share purchase price.</li>
<li>Synaptogenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpx#NASDAQ">SNPX</a>) shares fell 29.5% to $0.1839 after surging 29% on Wednesday. Synaptogenix received a Notice of Allowance for its U.S. Patent application 17/665,033 titled &quot;Halogenated Esters of Cyclopropanated Unsaturated Fatty Acids for Use in the Treatment of Neurodegenerative Diseases.&quot;</li>
<li>Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) fell 26.8% to $11.25 after the company reported a wider-than-expected loss for its fourth quarter and announced plans to reduce its salaried workforce by around 10% to help further improve costs. The company said it sees production of 57,000 vehicles in 2024.</li>
<li>MMTec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) fell 23.2% to $1.0750.</li>
<li>Goosehead Insurance, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gshd#NASDAQ">GSHD</a>) dipped 21.2% to $68.78 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Bel Fuse Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/belfa#NASDAQ">BELFA</a>) fell 20.1% to $59.16 after the company reported weak fourth-quarter financial results.</li>
<li>Lucid Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>) shares fell 19.1% to $2.9912 after the company reported mixed fourth-quarter financial results and issued guidance.</li>
<li>Sunnova Energy International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nova#NYSE">NOVA</a>) dipped 18.6% to $9.52 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) declined 18.1% to $29.20 after the company reported fourth-quarter financial results and issued guidance.</li>
<li>Pulmonx Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lung#NASDAQ">LUNG</a>) fell 17.6% to $11.94 after the company reported fourth-quarter financial results.</li>
<li>MGP Ingredients, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgpi#NASDAQ">MGPI</a>) declined 14.3% to $78.75 after the company reported fourth-quarter financial results.</li>
<li>Momentus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnts#NASDAQ">MNTS</a>) shares fell 13.1% to $0.5995 after declining around 7% on Wednesday.</li>
<li>Standard Motor Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smp#NYSE">SMP</a>) dipped 12.7% to $35.01 after the company reported worse-than-expected fourth-quarter financial results and issued guidance.</li>
<li>Teekay Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tk#NYSE">TK</a>) gained 12.4% to $7.21 after the company reported a year-over-year decrease in Q4 financial results.</li>
<li>TrueCar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/true#NASDAQ">TRUE</a>) dipped 11% to $3.4450 following weak sales.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) fell 8% to $18.57. Kratos Defense &amp; Security Solutions announced a proposed public offering of $300 million of common stock.</li>
<li>Rogers Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rog#NYSE">ROG</a>) fell 6.8% to $108.29 following weak quarterly results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37262506/booking-holdings-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earni"> Booking Holdings Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

Intraday Update

Movers

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Amplify YieldShares Oil Hedged MLP Income ETF

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VERO

Why Etsy Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) stock increased by 30.1% to $3.85 during Thursday's regular session. The company's market cap stands at $42.8 million. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) stock increased by 24.38% to $34.12. The market value of their outstanding shares is at $1.3 billion. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock rose 21.04% to $0.53. The company's market cap stands at $27.5 million. </li>
<li>Codere Online Luxembourg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) stock moved upwards by 20.16% to $7.09. The company's market cap stands at $321.1 million. </li>
<li>Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) shares moved upwards by 11.19% to $225.22. The market value of their outstanding shares is at $6.3 billion. The company's, Q4 earnings came out today. </li>
<li>Jumia Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) shares moved upwards by 10.73% to $4.64. The company's market cap stands at $466.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) stock declined by 25.4% to $11.47 during Thursday's regular session. The market value of their outstanding shares is at $10.9 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) stock decreased by 16.94% to $3.07. The market value of their outstanding shares is at $7.0 billion. The company's, Q4 earnings came out yesterday. </li>
<li>BowFlex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFX#NYSE">BFX</a>) stock decreased by 14.1% to $0.18. The company's market cap stands at $6.5 million. </li>
<li>Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) shares declined by 13.17% to $34.84. The market value of their outstanding shares is at $757.0 million. As per the press release, Q4 earnings came out today. </li>
<li>Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) shares fell 11.33% to $0.94. The market value of their outstanding shares is at $18.9 million. </li>
<li>REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) shares declined by 10.97% to $6.48. The company's market cap stands at $54.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CDRO

FTEL

GDHG

JMIA

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

Standard Motor Products shares are trading lower after the company reported worse-than-expected Q4 financial results and issued guidance.

Guidance

Standard Motor Products Sees FY24 Sales Growth Flat To Low Single Digits; EBITDA 9.0%-9.5%

Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.63 by 41.27 percent. The company reported quarterly sales of $290.76 million which missed the analyst consensus estimate of $314.65 million by 7.59 percent. This is a 5.66 percent decrease over sales of $308.20 million the same period last year.

Earnings Misses

Standard Motor Products Q4 2023 Adj EPS $0.37 Misses $0.63 Estimate, Sales $290.76M Miss $314.65M Estimate

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Earnings Scheduled For February 22, 2024

Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that Standard Motor Products will report an earnings per share (EPS) of $0.63. 
Standard Motor Products bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.13, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Standard Motor Products's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.98</td>
<td>0.98</td>
<td>0.57</td>
<td>0.55</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.11</td>
<td>0.84</td>
<td>0.61</td>
<td>0.69</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.04%</td>
<td>-0.57%</td>
<td>0.17%</td>
<td>-3.19%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708542139_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Standard Motor Products were trading at $40.23 as of February 20. Over the last 52-week period, shares are up 2.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SMP/earnings">To track all earnings releases for Standard Motor Products visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Tuesday marks the last chance for investors to receive the next dividend payout from Standard Motor Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMP#NYSE">SMP</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 29 cents per share. On Wednesday, Standard Motor Products will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 29 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SMP as of the end of Tuesday's session are eligible to receive the 29 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/SMP">See current stock movements Standard Motor Products on Benzinga.</a>

Tuesday Is Your Last Chance To Buy Standard Motor Products Before The Dividend Payout

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