Brokerages expect that Simpson Manufacturing Co, Inc. (NYSE:SSD) will report sales of $238.34 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Simpson Manufacturing’s earnings, with the lowest sales estimate coming in at $236.67 million and the highest estimate coming in at $240.00 million. Simpson Manufacturing reported sales of $219.87 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The company is expected to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Simpson Manufacturing will report full-year sales of $238.34 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.06 billion. For the next year, analysts anticipate that the company will post sales of $1.14 billion per share, with estimates ranging from $1.13 billion to $1.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the 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 firm 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 earnings per share. Simpson Manufacturing’s revenue was up 15.7% on a year-over-year basis.
Several research firms recently issued reports on SSD. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, February 9th. Sidoti began coverage on Simpson Manufacturing in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 target price on the stock. Robert W. Baird reissued a “buy” rating and issued a $64.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, January 9th. Finally, DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $63.75.
In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 8,210 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $61.18, for a total transaction of $502,287.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Roger Dankel sold 1,300 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $59.01, for a total value of $76,713.00. Following the sale, the insider now directly owns 60 shares in the company, valued at $3,540.60. The disclosure for this sale can be found here. Insiders have sold a total of 750,783 shares of company stock worth $44,234,197 over the last ninety days. 0.36% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $1,119,000. Gotham Asset Management LLC purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $1,204,000. Vident Investment Advisory LLC purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $359,000. Millennium Management LLC purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $1,875,000. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Simpson Manufacturing by 22.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,698 shares of the construction company’s stock worth $385,000 after acquiring an additional 1,224 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors.
Simpson Manufacturing (SSD) traded up $0.15 during midday trading on Monday, hitting $57.60. The company had a trading volume of 201,409 shares, compared to its average volume of 357,159. Simpson Manufacturing has a 52-week low of $39.82 and a 52-week high of $61.62. The firm has a market cap of $2,718.17, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 4.30 and a beta of 1.55.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio is currently 43.52%.
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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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