Analysts Expect Simpson Manufacturing Co. (SSD) to Post $0.56 Earnings Per Share
Shares of Simpson Manufacturing Co. (NYSE:SSD) have earned a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price target of $43.33 for the company and are anticipating that the company will post $0.56 EPS for the current quarter, according to Zacks. Zacks has also given Simpson Manufacturing an industry rank of 88 out of 265 based on the ratings given to its competitors.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Sidoti assumed coverage on Simpson Manufacturing in a research report on Friday, September 9th. They issued a “neutral” rating for the company.
In other Simpson Manufacturing news, COO Ricardo M. Arevalo sold 3,437 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $44.40, for a total transaction of $152,602.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its position in Simpson Manufacturing by 6.9% in the third quarter. Conestoga Capital Advisors LLC now owns 962,245 shares of the company’s stock worth $42,291,000 after buying an additional 61,825 shares during the period. Mason Street Advisors LLC purchased a new position in Simpson Manufacturing during the second quarter worth approximately $321,000. Schwab Charles Investment Management Inc. boosted its position in Simpson Manufacturing by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 185,084 shares of the company’s stock worth $7,398,000 after buying an additional 1,416 shares during the period. Amalgamated Bank purchased a new position in Simpson Manufacturing during the second quarter worth approximately $201,000. Finally, American Century Companies Inc. purchased a new position in Simpson Manufacturing during the second quarter worth approximately $405,000. Institutional investors own 81.48% of the company’s stock.
Simpson Manufacturing (NYSE:SSD) opened at 44.15 on Tuesday. Simpson Manufacturing has a one year low of $30.25 and a one year high of $45.50. The stock has a market capitalization of $2.14 billion, a P/E ratio of 27.25 and a beta of 1.47. The stock has a 50 day moving average price of $44.40 and a 200-day moving average price of $40.72.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. The company earned $230 million during the quarter, compared to analyst estimates of $227.12 million. Simpson Manufacturing had a return on equity of 9.17% and a net margin of 9.50%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Analysts anticipate that Simpson Manufacturing will post $1.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Saturday, October 8th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio (DPR) is 44.44%.
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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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