Zacks: Analysts Anticipate Simpson Manufacturing Co, Inc. (SSD) to Post $0.64 EPS

Analysts expect Simpson Manufacturing Co, Inc. (NYSE:SSD) to announce earnings of $0.64 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Simpson Manufacturing’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.60. Simpson Manufacturing posted earnings per share of $0.31 in the same quarter last year, which indicates a positive year over year growth rate of 106.5%. The company is expected to announce its next earnings results on Monday, February 4th.

On average, analysts expect that Simpson Manufacturing will report full year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.04 to $3.11. For the next financial year, analysts forecast that the business will post earnings of $3.62 per share, with EPS estimates ranging from $3.52 to $3.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Simpson Manufacturing.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 29th. The construction company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. Simpson Manufacturing had a net margin of 11.88% and a return on equity of 14.43%. The company had revenue of $284.18 million during the quarter, compared to analysts’ expectations of $296.80 million. During the same period in the prior year, the company posted $0.59 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 8.3% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “sell” rating to a “hold” rating and set a $82.00 price objective for the company in a research report on Thursday, August 2nd. Sidoti upgraded shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, Robert W. Baird cut shares of Simpson Manufacturing from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $75.00 to $72.00 in a research report on Monday, October 15th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.00.

SSD opened at $56.01 on Friday. Simpson Manufacturing has a twelve month low of $53.15 and a twelve month high of $78.36. The firm has a market cap of $2.57 billion, a PE ratio of 28.29, a PEG ratio of 3.64 and a beta of 1.73.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 44.44%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Simpson Manufacturing by 6.8% during the third quarter. Vanguard Group Inc. now owns 4,344,364 shares of the construction company’s stock worth $314,793,000 after acquiring an additional 275,223 shares in the last quarter. Morgan Stanley boosted its stake in Simpson Manufacturing by 12.1% during the third quarter. Morgan Stanley now owns 255,966 shares of the construction company’s stock worth $18,547,000 after acquiring an additional 27,535 shares in the last quarter. Legal & General Group Plc boosted its stake in Simpson Manufacturing by 8.4% during the third quarter. Legal & General Group Plc now owns 98,234 shares of the construction company’s stock worth $7,121,000 after acquiring an additional 7,629 shares in the last quarter. Teachers Advisors LLC boosted its stake in Simpson Manufacturing by 1.4% during the third quarter. Teachers Advisors LLC now owns 88,653 shares of the construction company’s stock worth $6,424,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in Simpson Manufacturing by 152.8% during the third quarter. Glenmede Trust Co. NA now owns 3,196 shares of the construction company’s stock worth $231,000 after acquiring an additional 1,932 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

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, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty 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.

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