Brokerages predict that Simpson Manufacturing Co, Inc. (NYSE:SSD) will report sales of $238.34 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Simpson Manufacturing’s earnings, with the lowest sales estimate coming in at $236.67 million and the highest estimate coming in at $240.00 million. Simpson Manufacturing reported sales of $219.87 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The business is scheduled to issue its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Simpson Manufacturing will report full year sales of $238.34 million for the current fiscal year, with estimates ranging from $1.05 billion to $1.06 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.14 billion per share, with estimates ranging from $1.13 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 5th. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The firm had revenue of $231.68 million during the quarter, compared to the consensus estimate of $224.47 million. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis.
In other news, major shareholder Sharon H. Simpson sold 8,210 shares of Simpson Manufacturing stock in a transaction on Friday, December 8th. The stock was sold at an average price of $61.18, for a total transaction of $502,287.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Roger Dankel sold 1,300 shares of Simpson Manufacturing stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $59.01, for a total value of $76,713.00. Following the transaction, the insider now owns 60 shares in the company, valued at approximately $3,540.60. The disclosure for this sale can be found here. Insiders have sold 750,783 shares of company stock worth $44,234,197 over the last ninety days. 0.36% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. purchased a new position in shares of Simpson Manufacturing during the third quarter valued at $103,000. Shelton Capital Management purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at $209,000. Everence Capital Management Inc. purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at $229,000. Neuberger Berman Group LLC purchased a new position in shares of Simpson Manufacturing during the third quarter valued at $230,000. Finally, CIBC World Markets Inc. purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at $291,000. Institutional investors and hedge funds own 83.97% of the company’s stock.
Shares of Simpson Manufacturing (NYSE:SSD) opened at $55.83 on Monday. Simpson Manufacturing has a 12 month low of $39.82 and a 12 month high of $61.62. The company has a market capitalization of $2,641.54, a price-to-earnings ratio of 31.19, a PEG ratio of 4.18 and a beta of 1.54.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 43.52%.
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Simpson Manufacturing Company Profile
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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