Equities research analysts expect Simpson Manufacturing Co, Inc. (NYSE:SSD) to post earnings of $0.93 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Simpson Manufacturing’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.92. Simpson Manufacturing reported earnings of $0.59 per share in the same quarter last year, which indicates a positive year over year growth rate of 57.6%. The firm is expected to announce its next earnings report on Monday, October 29th.
On average, analysts expect that Simpson Manufacturing will report full-year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $2.98 to $3.14. For the next year, analysts forecast that the business will post earnings of $3.68 per share, with EPS estimates ranging from $3.52 to $3.83. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, July 30th. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. Simpson Manufacturing had a return on equity of 12.61% and a net margin of 10.58%. The firm had revenue of $308.01 million during the quarter, compared to the consensus estimate of $282.02 million. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year.
Several analysts recently issued reports on SSD shares. ValuEngine upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Sidoti upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a report on Tuesday, July 31st. Robert W. Baird set a $75.00 price target on Simpson Manufacturing and gave the company a “buy” rating in a report on Monday, July 30th. Finally, Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating and set a $82.00 price target for the company in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $74.75.
NYSE SSD traded down $0.05 during trading hours on Wednesday, hitting $76.73. The company had a trading volume of 107,126 shares, compared to its average volume of 198,694. Simpson Manufacturing has a fifty-two week low of $45.13 and a fifty-two week high of $78.36. The company has a market cap of $3.56 billion, a P/E ratio of 38.75, a P/E/G ratio of 5.02 and a beta of 1.58.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Thursday, October 4th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.88 annualized dividend and a yield of 1.15%. Simpson Manufacturing’s dividend payout ratio is currently 44.44%.
In related news, Director James S. Andrasick sold 1,950 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $73.43, for a total value of $143,188.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in SSD. Ceredex Value Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the first quarter valued at about $24,159,000. BlackRock Inc. grew its stake in shares of Simpson Manufacturing by 6.4% during the second quarter. BlackRock Inc. now owns 5,996,211 shares of the construction company’s stock valued at $372,905,000 after acquiring an additional 358,754 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Simpson Manufacturing during the first quarter valued at about $19,533,000. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Simpson Manufacturing during the second quarter valued at about $13,753,000. Finally, Victory Capital Management Inc. grew its stake in shares of Simpson Manufacturing by 54.1% during the second quarter. Victory Capital Management Inc. now owns 546,939 shares of the construction company’s stock valued at $34,014,000 after acquiring an additional 192,024 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.
About Simpson Manufacturing
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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