Wall Street brokerages expect Simpson Manufacturing Company, Inc. (NYSE:SSD) to report earnings per share of $0.40 for the current quarter, according to Zacks. Two analysts have made estimates for Simpson Manufacturing’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.38. Simpson Manufacturing posted earnings of $0.36 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The business is expected to announce its next earnings report on Thursday, February 1st.
On average, analysts expect that Simpson Manufacturing will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.09. For the next year, analysts expect that the firm will report earnings of $2.51 per share, with EPS estimates ranging from $2.40 to $2.61. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Simpson Manufacturing.
A number of equities research analysts have recently weighed in on SSD shares. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Robert W. Baird raised Simpson Manufacturing from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $50.00 to $58.00 in a research note on Tuesday, October 31st. Finally, BidaskClub cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dean Investment Associates LLC grew its stake in Simpson Manufacturing by 36.2% during the 3rd quarter. Dean Investment Associates LLC now owns 153,990 shares of the construction company’s stock worth $7,552,000 after purchasing an additional 40,940 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Simpson Manufacturing during the 3rd quarter worth $230,000. California Public Employees Retirement System grew its stake in Simpson Manufacturing by 13.3% during the 3rd quarter. California Public Employees Retirement System now owns 85,188 shares of the construction company’s stock worth $4,178,000 after purchasing an additional 9,988 shares in the last quarter. Janus Henderson Group PLC grew its stake in Simpson Manufacturing by 16.7% during the 3rd quarter. Janus Henderson Group PLC now owns 1,941,044 shares of the construction company’s stock worth $95,189,000 after purchasing an additional 277,496 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Simpson Manufacturing by 6.8% during the 3rd quarter. Royce & Associates LP now owns 792,625 shares of the construction company’s stock worth $38,870,000 after purchasing an additional 50,380 shares in the last quarter. 84.57% of the stock is owned by hedge funds and other institutional investors.
Shares of Simpson Manufacturing (NYSE SSD) traded up $0.24 during midday trading on Monday, hitting $60.21. The stock had a trading volume of 262,300 shares, compared to its average volume of 215,251. Simpson Manufacturing has a twelve month low of $39.82 and a twelve month high of $60.33. The firm has a market capitalization of $2,848.76, a PE ratio of 32.72, a PEG ratio of 6.42 and a beta of 1.52.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. Simpson Manufacturing’s payout ratio is presently 41.58%.
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About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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