Analysts expect that Simpson Manufacturing Co, Inc. (NYSE:SSD) will post $257.49 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Simpson Manufacturing’s earnings, with the highest sales estimate coming in at $257.58 million and the lowest estimate coming in at $257.40 million. Simpson Manufacturing posted sales of $244.78 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Simpson Manufacturing will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts forecast that the business will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.22 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 4th. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.16). The company had revenue of $241.80 million during the quarter, compared to analysts’ expectations of $251.77 million. Simpson Manufacturing had a net margin of 12.01% and a return on equity of 15.18%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Sidoti set a $72.00 target price on Simpson Manufacturing and gave the stock a “buy” rating in a research note on Tuesday, February 5th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $49,000. Value Holdings Management CO. LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $54,000. Huntington National Bank grew its holdings in Simpson Manufacturing by 50.2% during the fourth quarter. Huntington National Bank now owns 1,113 shares of the construction company’s stock worth $60,000 after acquiring an additional 372 shares during the period. ETF Managers Group LLC grew its holdings in Simpson Manufacturing by 17.9% during the fourth quarter. ETF Managers Group LLC now owns 2,303 shares of the construction company’s stock worth $125,000 after acquiring an additional 350 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Simpson Manufacturing by 11.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,056 shares of the construction company’s stock worth $165,000 after acquiring an additional 314 shares during the period. 89.31% of the stock is currently owned by institutional investors.
Shares of SSD traded up $0.12 during midday trading on Friday, hitting $63.82. The company had a trading volume of 72,639 shares, compared to its average volume of 191,559. The stock has a market capitalization of $2.88 billion, a PE ratio of 22.08, a PEG ratio of 3.89 and a beta of 1.54. Simpson Manufacturing has a 1 year low of $49.54 and a 1 year high of $78.36.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 30.45%.
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, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, 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, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
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