Wall Street analysts expect Simpson Manufacturing Co, Inc. (NYSE:SSD) to report $257.49 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Simpson Manufacturing’s earnings. The highest sales estimate is $257.58 million and the lowest is $257.40 million. Simpson Manufacturing reported sales of $244.78 million in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The firm is scheduled to report its next earnings report on Monday, April 29th.
According to Zacks, analysts expect that Simpson Manufacturing will report full-year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts anticipate that the business will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 4th. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.16). The firm had revenue of $241.80 million for the quarter, compared to analyst estimates of $251.77 million. Simpson Manufacturing had a return on equity of 15.17% and a net margin of 12.01%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS.
Several analysts recently weighed in on the stock. Robert W. Baird downgraded shares of Simpson Manufacturing from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $72.00 in a report on Monday, October 15th. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. ValuEngine downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Sidoti set a $72.00 target price on shares of Simpson Manufacturing and gave the company a “buy” rating in a report on Tuesday, February 5th.
Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in Simpson Manufacturing in the 2nd quarter valued at approximately $175,000. Millennium Management LLC purchased a new position in Simpson Manufacturing in the 2nd quarter valued at approximately $1,000,000. California Public Employees Retirement System boosted its position in Simpson Manufacturing by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 82,516 shares of the construction company’s stock valued at $5,132,000 after buying an additional 8,018 shares during the period. Advisors Asset Management Inc. purchased a new position in Simpson Manufacturing in the 2nd quarter valued at approximately $259,000. Finally, Jane Street Group LLC purchased a new position in Simpson Manufacturing in the 2nd quarter valued at approximately $263,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Simpson Manufacturing stock traded up $0.45 during trading on Monday, hitting $58.29. The company had a trading volume of 292,384 shares, compared to its average volume of 280,103. Simpson Manufacturing has a 1-year low of $49.54 and a 1-year high of $78.36. The company has a market capitalization of $2.67 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 3.56 and a beta of 1.58.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.88 annualized dividend and a yield of 1.51%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 30.45%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.