$0.63 EPS Expected for Simpson Manufacturing Company, Inc. (SSD) This Quarter
Analysts expect Simpson Manufacturing Company, Inc. (NYSE:SSD) to post $0.63 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Simpson Manufacturing’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.60. Simpson Manufacturing reported earnings of $0.62 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Simpson Manufacturing will report full-year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.09 to $2.14. For the next fiscal year, analysts anticipate that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.18 to $2.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $263.00 million for the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share.
SSD has been the topic of several recent analyst reports. BidaskClub upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, July 25th.
Simpson Manufacturing (NYSE:SSD) traded up 0.28% during trading on Friday, reaching $49.39. The company’s stock had a trading volume of 152,235 shares. The company’s 50 day moving average price is $46.06 and its 200-day moving average price is $43.40. Simpson Manufacturing has a 1-year low of $39.82 and a 1-year high of $50.10. The stock has a market cap of $2.33 billion, a P/E ratio of 24.09 and a beta of 1.40.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Simpson Manufacturing’s payout ratio is 40.98%.
In related news, major shareholder Sharon H. Simpson sold 72,424 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $200,724.00, for a total transaction of $14,537,234,976.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Psb Fund Simpson sold 95,322 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $49.54, for a total value of $4,722,251.88. The disclosure for this sale can be found here. Insiders have sold a total of 240,170 shares of company stock worth $14,545,522,661 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Riverhead Capital Management LLC grew its position in Simpson Manufacturing by 62.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock worth $114,000 after acquiring an additional 996 shares during the last quarter. SG Americas Securities LLC bought a new stake in Simpson Manufacturing during the 2nd quarter worth $148,000. Ameritas Investment Partners Inc. bought a new stake in Simpson Manufacturing during the 1st quarter worth $154,000. Verity Asset Management Inc. bought a new stake in Simpson Manufacturing during the 2nd quarter worth $205,000. Finally, Victory Capital Management Inc. grew its position in Simpson Manufacturing by 49.8% during the 1st quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock worth $220,000 after acquiring an additional 1,693 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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