Analysts forecast that Simpson Manufacturing Co, Inc. (NYSE:SSD) will announce $1.03 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Simpson Manufacturing’s earnings. The highest EPS estimate is $1.09 and the lowest is $0.97. Simpson Manufacturing posted earnings of $0.94 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings report after the market closes on Monday, July 29th.
On average, analysts expect that Simpson Manufacturing will report full year earnings of $3.17 per share for the current year, with EPS estimates ranging from $3.16 to $3.17. For the next year, analysts forecast that the business will post earnings of $3.79 per share, with EPS estimates ranging from $3.70 to $3.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 29th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). Simpson Manufacturing had a net margin of 11.59% and a return on equity of 15.05%. The firm had revenue of $259.20 million for the quarter, compared to analyst estimates of $255.80 million. During the same quarter in the previous year, the company earned $0.54 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year.
Separately, Zacks Investment Research restated a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th.
NYSE SSD traded down $1.32 on Friday, hitting $63.50. 249,400 shares of the stock traded hands, compared to its average volume of 219,960. The company has a 50-day moving average price of $65.01. Simpson Manufacturing has a twelve month low of $49.54 and a twelve month high of $78.36. The stock has a market capitalization of $2.92 billion, a P/E ratio of 21.97, a P/E/G ratio of 4.08 and a beta of 1.47.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $0.92 annualized dividend and a yield of 1.45%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.22. Simpson Manufacturing’s dividend payout ratio is presently 31.83%.
In other Simpson Manufacturing news, Director Greenway Robin Macgillivray sold 1,475 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $61.56, for a total transaction of $90,801.00. Following the sale, the director now owns 12,470 shares in the company, valued at $767,653.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
Large investors have recently bought and sold shares of the company. William Blair Investment Management LLC grew its holdings in shares of Simpson Manufacturing by 4.6% during the first quarter. William Blair Investment Management LLC now owns 272,827 shares of the construction company’s stock valued at $16,170,000 after purchasing an additional 12,007 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Simpson Manufacturing by 258.2% during the fourth quarter. Gotham Asset Management LLC now owns 46,587 shares of the construction company’s stock valued at $2,522,000 after purchasing an additional 33,580 shares during the last quarter. Raymond James & Associates bought a new position in shares of Simpson Manufacturing during the first quarter valued at approximately $1,627,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Simpson Manufacturing by 365.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,424 shares of the construction company’s stock valued at $727,000 after purchasing an additional 10,542 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Simpson Manufacturing by 685.0% during the fourth quarter. Hsbc Holdings PLC now owns 88,119 shares of the construction company’s stock valued at $4,768,000 after purchasing an additional 76,893 shares during the last quarter. 89.68% of the stock is owned by institutional investors.
About Simpson Manufacturing
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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