Brokerages expect Simpson Manufacturing Co, Inc. (NYSE:SSD) to post earnings per share of $0.49 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Simpson Manufacturing’s earnings, with estimates ranging from $0.46 to $0.52. Simpson Manufacturing reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year over year growth rate of 63.3%. The company is scheduled to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Simpson Manufacturing will report full year earnings of $2.67 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.69. For the next year, analysts forecast that the business will post earnings of $3.28 per share, with EPS estimates ranging from $3.25 to $3.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, February 5th. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The company had revenue of $231.68 million during the quarter, compared to analyst estimates of $224.47 million. During the same period in the previous year, the company earned $0.37 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year.
In related news, major shareholder Sharon H. Simpson sold 8,210 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $61.18, for a total transaction of $502,287.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Roger Dankel sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $59.01, for a total transaction of $76,713.00. Following the sale, the insider now owns 60 shares in the company, valued at $3,540.60. The disclosure for this sale can be found here. Insiders have sold 836,812 shares of company stock worth $49,190,271 in the last three months. Corporate insiders own 0.36% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its stake in shares of Simpson Manufacturing by 17.5% during the fourth quarter. Profund Advisors LLC now owns 6,266 shares of the construction company’s stock worth $360,000 after buying an additional 934 shares during the period. Rhumbline Advisers increased its stake in shares of Simpson Manufacturing by 1.0% during the third quarter. Rhumbline Advisers now owns 103,427 shares of the construction company’s stock worth $5,072,000 after buying an additional 1,017 shares during the period. California Public Employees Retirement System increased its stake in shares of Simpson Manufacturing by 1.3% during the fourth quarter. California Public Employees Retirement System now owns 86,260 shares of the construction company’s stock worth $4,952,000 after buying an additional 1,072 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Simpson Manufacturing by 6.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the construction company’s stock worth $1,039,000 after buying an additional 1,100 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Simpson Manufacturing by 21.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,534 shares of the construction company’s stock worth $375,000 after buying an additional 1,146 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.
Simpson Manufacturing (NYSE SSD) traded down $0.29 during midday trading on Tuesday, reaching $58.27. 30,421 shares of the company’s stock were exchanged, compared to its average volume of 286,019. Simpson Manufacturing has a 52 week low of $39.82 and a 52 week high of $61.62. The firm has a market capitalization of $2,776.37, a PE ratio of 30.33, a P/E/G ratio of 4.40 and a beta of 1.54.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Simpson Manufacturing’s dividend payout ratio is presently 43.52%.
ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate Simpson Manufacturing Co, Inc. (SSD) Will Announce Earnings of $0.49 Per Share” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3225610/zacks-brokerages-anticipate-simpson-manufacturing-co-inc-ssd-will-announce-earnings-of-0-49-per-share.html.
Simpson Manufacturing Company Profile
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.
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.