Simpson Manufacturing (SSD) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Simpson Manufacturing (NYSE:SSD) announced its earnings results on Friday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08, Stock Ratings Network.com reports. The company had revenue of $168.30 million for the quarter, compared to the consensus estimate of $161.41 million. During the same quarter last year, the company posted $0.10 earnings per share. Simpson Manufacturing’s revenue was up 9.1% compared to the same quarter last year.
Shares of Simpson Manufacturing (NYSE:SSD) opened at 32.62 on Friday. Simpson Manufacturing has a 1-year low of $27.49 and a 1-year high of $37.49. The stock’s 50-day moving average is $34.25 and its 200-day moving average is $34.48. The company has a market cap of $1.596 billion and a P/E ratio of 31.24.
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (NYSE:SSD), designs, engineers and is a manufacturer of wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated shearwalls, and concrete construction products used for concrete, masonry and steel, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforcing materials.
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