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

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

Simpson Manufacturing Stock Performance

SSD opened at $169.28 on Wednesday. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 21.21 and a beta of 1.30. The company has a fifty day moving average of $197.04 and a 200 day 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 company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SSD. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th.

Insider Activity at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,784 shares of company stock valued at $770,924. Corporate insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

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.