Simpson Manufacturing (NYSE:SSD) Posts 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. Simpson Manufacturing had a return on equity of 20.77% and a net margin of 15.45%. The firm had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter last year, the firm earned $2.05 earnings per share. The company’s revenue was down .7% compared to the same quarter last year.

Simpson Manufacturing Stock Down 8.6 %

Shares of NYSE SSD opened at $169.28 on Wednesday. Simpson Manufacturing has a 12-month low of $112.38 and a 12-month high of $218.38. The company has a market capitalization of $7.19 billion, a PE ratio of 21.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11. The firm’s 50-day moving average is $197.04 and its two-hundred day moving average is $178.93.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SSD. Robert W. Baird boosted their price target 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. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Insider Buying and Selling at Simpson Manufacturing

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

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.