Simpson Manufacturing Co, Inc. (SSD) Expected to Post Earnings of $0.64 Per Share

Analysts predict that Simpson Manufacturing Co, Inc. (NYSE:SSD) will report earnings per share (EPS) of $0.64 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Simpson Manufacturing’s earnings, with estimates ranging from $0.60 to $0.67. Simpson Manufacturing posted earnings of $0.31 per share in the same quarter last year, which suggests a positive year over year growth rate of 106.5%. The business is expected to announce its next quarterly 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 financial year, with EPS estimates ranging from $3.04 to $3.11. For the next fiscal year, analysts anticipate that the company will report earnings of $3.60 per share, with EPS estimates ranging from $3.48 to $3.72. Zacks Investment Research’s 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 announced its earnings results on Monday, October 29th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. The company had revenue of $284.18 million for the quarter, compared to analyst estimates of $296.80 million. Simpson Manufacturing had a return on equity of 14.43% and a net margin of 11.88%. Simpson Manufacturing’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share.

A number of equities research analysts have recently issued reports on SSD shares. ValuEngine lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Zacks Investment Research lowered Simpson Manufacturing from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, Robert W. Baird lowered Simpson Manufacturing from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $75.00 to $72.00 in a research report on Monday, October 15th.

Several institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC increased its stake in shares of Simpson Manufacturing by 12.1% during the third quarter. Conestoga Capital Advisors LLC now owns 1,581,452 shares of the construction company’s stock worth $114,592,000 after buying an additional 170,285 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Simpson Manufacturing in the 3rd quarter worth approximately $4,782,000. California Public Employees Retirement System raised its holdings in shares of Simpson Manufacturing by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 82,516 shares of the construction company’s stock worth $5,132,000 after buying an additional 8,018 shares in the last quarter. Lee Financial Group Hawaii Inc. raised its holdings in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Lee Financial Group Hawaii Inc. now owns 35,224 shares of the construction company’s stock worth $2,552,000 after buying an additional 1,358 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Simpson Manufacturing by 1.6% in the 3rd quarter. Bahl & Gaynor Inc. now owns 75,206 shares of the construction company’s stock worth $5,449,000 after buying an additional 1,161 shares in the last quarter. 88.79% of the stock is currently owned by institutional investors.

Shares of Simpson Manufacturing stock traded up $1.04 on Thursday, reaching $59.65. 377,700 shares of the company were exchanged, compared to its average volume of 249,733. The firm has a market capitalization of $2.68 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 3.24 and a beta of 1.61. Simpson Manufacturing has a fifty-two week low of $49.54 and a fifty-two week high of $78.36.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Thursday, January 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 44.44%.

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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