Analysts Anticipate Simpson Manufacturing Co, Inc. (SSD) Will Post Quarterly Sales of $257.49 Million
Analysts forecast that Simpson Manufacturing Co, Inc. (NYSE:SSD) will post $257.49 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Simpson Manufacturing’s earnings, with the highest sales estimate coming in at $257.58 million and the lowest estimate coming in at $257.40 million. Simpson Manufacturing posted sales of $244.78 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The company is scheduled to report its next earnings results on Monday, April 29th.
According to Zacks, analysts expect that Simpson Manufacturing will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next year, analysts expect that the company will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 4th. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.16). Simpson Manufacturing had a return on equity of 15.17% and a net margin of 12.01%. The firm had revenue of $241.80 million for the quarter, compared to the consensus estimate of $251.77 million. During the same period last year, the firm earned $0.27 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.
SSD stock traded up $0.45 during mid-day trading on Monday, hitting $58.29. 292,384 shares of the stock were exchanged, compared to its average volume of 280,103. Simpson Manufacturing has a 12 month low of $49.54 and a 12 month high of $78.36. The firm has a market cap of $2.67 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.56 and a beta of 1.58.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 30.45%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSD. Cubist Systematic Strategies LLC bought a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at about $175,000. Millennium Management LLC bought a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at about $1,000,000. California Public Employees Retirement System lifted its stake in shares of Simpson Manufacturing by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 82,516 shares of the construction company’s stock valued at $5,132,000 after acquiring an additional 8,018 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Simpson Manufacturing during the 2nd quarter valued at approximately $259,000. Finally, Jane Street Group LLC bought a new position in Simpson Manufacturing during the 2nd quarter valued at approximately $263,000. 90.46% of the stock is owned by institutional investors.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
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