Wall Street brokerages predict that Simpson Manufacturing Co, Inc. (NYSE:SSD) will announce $0.40 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Simpson Manufacturing’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.41. Simpson Manufacturing posted earnings per share of $0.36 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, February 5th.
On average, analysts expect that Simpson Manufacturing will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.09. For the next year, analysts expect that the business will report earnings of $2.51 per share, with EPS estimates ranging from $2.40 to $2.61. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.03). The company had revenue of $262.48 million during the quarter, compared to the consensus estimate of $263.45 million. Simpson Manufacturing had a net margin of 10.25% and a return on equity of 9.92%.
Several research firms have recently weighed in on SSD. Robert W. Baird reiterated a “buy” rating and issued a $64.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Sidoti started coverage on shares of Simpson Manufacturing in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 price target for the company. Finally, DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $60.00.
Simpson Manufacturing (NYSE SSD) traded down $0.75 during trading hours on Wednesday, hitting $59.52. 107,647 shares of the stock traded hands, compared to its average volume of 226,233. The company has a market cap of $2,851.60, a price-to-earnings ratio of 32.76, a P/E/G ratio of 4.81 and a beta of 1.52. Simpson Manufacturing has a 12 month low of $39.82 and a 12 month high of $61.62.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 4th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.41%. The ex-dividend date was Wednesday, January 3rd. Simpson Manufacturing’s payout ratio is currently 41.58%.
In related news, major shareholder Sharon H. Simpson sold 54,992 shares of Simpson Manufacturing stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $52.83, for a total value of $2,905,227.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sharon H. Simpson sold 8,210 shares of Simpson Manufacturing stock in a transaction on Friday, December 8th. The shares were sold at an average price of $61.18, for a total transaction of $502,287.80. The disclosure for this sale can be found here. In the last three months, insiders sold 639,409 shares of company stock valued at $37,252,525. 0.36% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SSD. Janus Henderson Group PLC acquired a new stake in Simpson Manufacturing in the 2nd quarter valued at $72,714,000. Conestoga Capital Advisors LLC boosted its holdings in Simpson Manufacturing by 13.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,359,480 shares of the construction company’s stock worth $78,048,000 after acquiring an additional 155,960 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Simpson Manufacturing by 8.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,307,907 shares of the construction company’s stock worth $64,141,000 after acquiring an additional 105,480 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Simpson Manufacturing by 13.9% during the 3rd quarter. Brown Advisory Inc. now owns 824,053 shares of the construction company’s stock worth $40,411,000 after acquiring an additional 100,558 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Simpson Manufacturing by 21.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 486,525 shares of the construction company’s stock worth $23,859,000 after acquiring an additional 85,675 shares during the last quarter. 84.91% of the stock is owned by institutional investors and hedge funds.
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About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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