Equities research analysts forecast that Simpson Manufacturing (NYSE:SSD) will report $282.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Simpson Manufacturing’s earnings, with estimates ranging from $277.80 million to $287.78 million. Simpson Manufacturing reported sales of $263.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The business is expected to announce its next earnings results on Thursday, July 26th.
On average, analysts expect that Simpson Manufacturing will report full-year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.06 billion to $1.10 billion. For the next year, analysts anticipate that the business will report sales of $1.17 billion per share, with estimates ranging from $1.14 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Simpson Manufacturing.
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Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 30th. The construction company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The firm had revenue of $244.80 million during the quarter, compared to analyst estimates of $237.57 million. Simpson Manufacturing had a return on equity of 10.85% and a net margin of 9.47%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share.
A number of research firms have recently weighed in on SSD. Zacks Investment Research lowered Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. ValuEngine raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.25.
Shares of NYSE:SSD traded down $0.04 during trading on Tuesday, reaching $60.30. 213,000 shares of the company traded hands, compared to its average volume of 254,276. The firm has a market cap of $2.86 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 4.41 and a beta of 1.51. Simpson Manufacturing has a 52-week low of $59.92 and a 52-week high of $60.39.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 5th will be paid a $0.22 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, July 3rd. This represents a $0.88 dividend on an annualized basis and a yield of 1.46%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 42.42%.
In related news, insider Psb Fund Simpson sold 253,749 shares of the firm’s stock in a transaction on Friday, April 6th. The stock was sold at an average price of $57.64, for a total value of $14,626,092.36. Following the completion of the sale, the insider now owns 719,269 shares of the company’s stock, valued at $41,458,665.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Sharon H. Simpson sold 27,550 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.50, for a total value of $1,611,675.00. The disclosure for this sale can be found here. Insiders sold 792,022 shares of company stock valued at $45,597,213 in the last ninety days. 0.39% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in Simpson Manufacturing by 61.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,981 shares of the construction company’s stock worth $172,000 after acquiring an additional 1,137 shares during the period. Renaissance Technologies LLC purchased a new stake in Simpson Manufacturing in the fourth quarter worth $207,000. Silvant Capital Management LLC purchased a new stake in Simpson Manufacturing in the first quarter worth $207,000. Shelton Capital Management purchased a new stake in Simpson Manufacturing in the fourth quarter worth $209,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Simpson Manufacturing during the fourth quarter valued at $220,000. 88.54% of the stock is owned by institutional investors.
Simpson Manufacturing Company Profile
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.
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