Simpson Manufacturing (NYSE:SSD) Earns News Sentiment Score of 0.18
Headlines about Simpson Manufacturing (NYSE:SSD) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Simpson Manufacturing earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.6558853500221 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Simpson Manufacturing (NYSE SSD) traded up 1.35% during midday trading on Friday, reaching $44.92. The company had a trading volume of 185,394 shares. Simpson Manufacturing has a 52-week low of $39.82 and a 52-week high of $48.41. The company has a market capitalization of $2.14 billion, a P/E ratio of 21.91 and a beta of 1.41. The company’s 50 day moving average is $43.63 and its 200-day moving average is $42.67.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $263 million for the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Equities analysts expect that Simpson Manufacturing will post $2.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 annualized dividend and a yield of 1.87%. Simpson Manufacturing’s dividend payout ratio (DPR) is 40.98%.
A number of equities research analysts recently issued reports on the company. BidaskClub raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research raised Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, July 25th.
In other Simpson Manufacturing news, insider Psb Fund Simpson sold 33,581 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $43.62, for a total value of $1,464,803.22. Following the transaction, the insider now owns 1,399,180 shares in the company, valued at $61,032,231.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Sharon H. Simpson sold 60,061 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $43.46, for a total transaction of $2,610,251.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 350,999 shares of company stock worth $15,341,008. 0.36% of the stock is currently owned by company insiders.
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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