Simpson Manufacturing (NYSE:SSD) Posts Earnings Results, Misses Expectations By $0.07 EPS

Simpson Manufacturing (NYSE:SSD) issued its quarterly earnings data on Monday. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. Simpson Manufacturing had a return on equity of 20.77% and a net margin of 15.45%. The firm had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. During the same quarter in the prior year, the firm earned $2.05 EPS. The company’s revenue was down .7% on a year-over-year basis.

Simpson Manufacturing Stock Down 8.6 %

NYSE SSD opened at $169.28 on Wednesday. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. Simpson Manufacturing has a 1-year low of $112.38 and a 1-year high of $218.38. The company has a 50 day moving average of $197.04 and a 200-day moving average of $178.93. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 21.21 and a beta of 1.30.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SSD shares. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the transaction, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,784 shares of company stock worth $770,924. Corporate insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.