Analysts expect Simpson Manufacturing Co, Inc. (NYSE:SSD) to report $0.64 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Simpson Manufacturing’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.67. Simpson Manufacturing posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 106.5%. The business is scheduled to announce its next quarterly earnings report on Monday, February 4th.
According to Zacks, analysts expect that Simpson Manufacturing will report full-year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.11. For the next financial year, analysts anticipate that the company will report earnings of $3.62 per share, with EPS estimates ranging from $3.52 to $3.72. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 29th. The construction company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.05. Simpson Manufacturing had a net margin of 11.88% and a return on equity of 14.43%. The company had revenue of $284.18 million during the quarter, compared to analyst estimates of $296.80 million. During the same period in the prior year, the business posted $0.59 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Robert W. Baird downgraded shares of Simpson Manufacturing from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $75.00 to $72.00 in a research report on Monday, October 15th. Sidoti raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, ValuEngine downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $74.00.
NYSE:SSD opened at $58.13 on Friday. Simpson Manufacturing has a 52 week low of $53.15 and a 52 week high of $78.36. The firm has a market cap of $2.69 billion, a P/E ratio of 29.36, a PEG ratio of 3.78 and a beta of 1.73.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Thursday, January 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, January 2nd. Simpson Manufacturing’s payout ratio is currently 44.44%.
A number of institutional investors have recently modified their holdings of SSD. Legal & General Group Plc increased its position in Simpson Manufacturing by 1.1% during the 1st quarter. Legal & General Group Plc now owns 86,324 shares of the construction company’s stock valued at $4,954,000 after purchasing an additional 943 shares during the period. Xact Kapitalforvaltning AB increased its position in Simpson Manufacturing by 26.1% during the 1st quarter. Xact Kapitalforvaltning AB now owns 4,837 shares of the construction company’s stock valued at $279,000 after purchasing an additional 1,000 shares during the period. Principal Financial Group Inc. grew its position in shares of Simpson Manufacturing by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 349,731 shares of the construction company’s stock worth $20,141,000 after buying an additional 5,575 shares during the period. Suntrust Banks Inc. purchased a new stake in shares of Simpson Manufacturing in the 1st quarter worth about $1,652,000. Finally, Capital One National Association purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter worth about $288,000. 89.72% of the stock is currently owned by institutional investors and hedge funds.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
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