Equities research analysts predict that Simpson Manufacturing Co, Inc. (NYSE:SSD) will report $238.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Simpson Manufacturing’s earnings, with the highest sales estimate coming in at $240.00 million and the lowest estimate coming in at $236.67 million. Simpson Manufacturing reported sales of $219.87 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The business is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Simpson Manufacturing will report full year sales of $238.34 million for the current year, with estimates ranging from $1.05 billion to $1.06 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.14 billion per share, with estimates ranging from $1.13 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 5th. The construction company reported $0.31 earnings per share (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 firm had revenue of $231.68 million during the quarter, compared to analysts’ expectations of $224.47 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year.
In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 54,379 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $57.61, for a total transaction of $3,132,774.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $76,713.00. Following the transaction, the insider now directly owns 60 shares of the company’s stock, valued at approximately $3,540.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 750,783 shares of company stock valued at $44,234,197. 0.36% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC boosted its stake in shares of Simpson Manufacturing by 17.5% in the fourth quarter. Profund Advisors LLC now owns 6,266 shares of the construction company’s stock valued at $360,000 after purchasing an additional 934 shares during the period. Rhumbline Advisers boosted its stake in shares of Simpson Manufacturing by 1.0% in the third quarter. Rhumbline Advisers now owns 103,427 shares of the construction company’s stock valued at $5,072,000 after purchasing an additional 1,017 shares during the period. California Public Employees Retirement System boosted its stake in shares of Simpson Manufacturing by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 86,260 shares of the construction company’s stock valued at $4,952,000 after purchasing an additional 1,072 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Simpson Manufacturing by 6.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 1,100 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its stake in shares of Simpson Manufacturing by 22.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 6,698 shares of the construction company’s stock valued at $385,000 after purchasing an additional 1,224 shares during the period. 83.97% of the stock is owned by institutional investors and hedge funds.
Shares of Simpson Manufacturing (SSD) traded up $0.58 on Monday, hitting $57.74. 57,917 shares of the company were exchanged, compared to its average volume of 305,707. Simpson Manufacturing has a 12-month low of $39.82 and a 12-month high of $61.62. The stock has a market capitalization of $2,657.61, a price-to-earnings ratio of 29.62, a P/E/G ratio of 4.21 and a beta of 1.55.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 43.52%.
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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.
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