Simpson Manufacturing (NYSE:SSD) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

by · The Cerbat Gem

Simpson Manufacturing (NYSE:SSD – Get Free Report) posted its earnings results on Monday. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19), Briefing.com reports. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $587.15 million during the quarter, compared to analysts’ expectations of $589.00 million. During the same period last year, the business earned $2.43 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded down $3.83 during trading on Monday, reaching $186.25. The company’s stock had a trading volume of 202,970 shares, compared to its average volume of 280,823. The firm has a market cap of $7.85 billion, a PE ratio of 23.93 and a beta of 1.32. The company has a 50-day moving average price of $183.96 and a two-hundred day moving average price of $178.20. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing has a fifty-two week low of $123.93 and a fifty-two week high of $218.38.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.38%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday.

View Our Latest Report on Simpson Manufacturing

Insiders Place Their Bets

In other news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at approximately $3,660,866.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 2,700 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the sale, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,571 shares of company stock valued at $2,348,027. Insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

(Get Free Report)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.

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