Simpson Manufacturing (NYSE:SSD) Posts Earnings Results, Misses Estimates By $0.13 EPS

Simpson Manufacturing (NYSE:SSD) posted its quarterly earnings results on Monday. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13), Briefing.com reports. Simpson Manufacturing had a return on equity of 19.63% and a net margin of 15.03%. The firm had revenue of $596.98 million during the quarter, compared to the consensus estimate of $604.67 million. During the same quarter in the previous year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year.

Simpson Manufacturing Stock Down 0.8 %

NYSE:SSD opened at $177.64 on Thursday. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $170.09 and a 200-day simple moving average of $182.93. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 22.26 and a beta of 1.32. Simpson Manufacturing has a twelve month low of $123.93 and a twelve month high of $218.38.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be given a $0.28 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is 14.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SSD. Robert W. Baird boosted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Insider Activity at Simpson Manufacturing

In related news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the transaction, the executive vice president now owns 5,033 shares in the company, valued at approximately $861,347.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the sale, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at $861,347.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Roger Dankel sold 2,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total value of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Company Profile

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.