Simpson Manufacturing (NYSE:SSD) Posts Earnings Results, Misses Expectations By $0.07 EPS

Simpson Manufacturing (NYSE:SSD) posted its quarterly earnings data on Monday. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. The firm had revenue of $530.58 million for the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 EPS.

Simpson Manufacturing Stock Up 0.4 %

Shares of NYSE:SSD opened at $185.14 on Tuesday. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. Simpson Manufacturing has a 12-month low of $112.38 and a 12-month high of $218.38. The company has a fifty day simple moving average of $197.37 and a 200 day simple moving average of $178.73. The firm has a market cap of $7.86 billion, a PE ratio of 22.41 and a beta of 1.30.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SSD. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now owns 28,764 shares in the company, valued at $5,697,573.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the sale, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold a total of 3,784 shares of company stock worth $770,924 over the last 90 days. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Company Profile

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.