Simpson Manufacturing (SSD) Issues Earnings Results
Simpson Manufacturing (NYSE:SSD) announced its earnings results on Monday. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10), Yahoo Finance reports. The business had revenue of $231.68 million for the quarter, compared to analyst estimates of $224.47 million. Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS.
Simpson Manufacturing (SSD) opened at $57.76 on Thursday. The firm has a market cap of $2,712.97, a P/E ratio of 32.03, a PEG ratio of 4.54 and a beta of 1.54. Simpson Manufacturing has a 52-week low of $39.82 and a 52-week high of $61.62.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio is presently 43.52%.
In other news, major shareholder Sharon H. Simpson sold 122,841 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $58.90, for a total value of $7,235,334.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Sharon H. Simpson sold 13,149 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $60.38, for a total transaction of $793,936.62. The disclosure for this sale can be found here. In the last three months, insiders sold 750,783 shares of company stock valued at $44,234,197. Company insiders own 0.36% of the company’s stock.
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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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