Simpson Manufacturing (NYSE:SSD) Releases Earnings Results, Misses Estimates By $0.07 EPS

Simpson Manufacturing (NYSE:SSD) issued its quarterly earnings results on Monday. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.77%. Simpson Manufacturing’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business posted $2.05 earnings per share.

Simpson Manufacturing Trading Down 8.6 %

Shares of SSD stock opened at $169.28 on Wednesday. The stock has a 50-day simple moving average of $197.04 and a 200 day simple moving average of $178.93. Simpson Manufacturing has a fifty-two week low of $112.38 and a fifty-two week high of $218.38. The stock has a market capitalization of $7.19 billion, a P/E ratio of 21.21 and a beta of 1.30. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27.

Insider Activity at Simpson Manufacturing

In related news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock valued at $770,924 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Robert W. Baird raised their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.