Simpson Manufacturing (SSD) to Release Quarterly Earnings on Monday


Simpson Manufacturing (NYSE:SSD – Get Rating) will be announcing its earnings results after the market closes on Monday, July 25th. Analysts expect the company to announce earnings of $2.18 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Simpson Manufacturing (NYSE:SSD – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The construction company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.60. Simpson Manufacturing had a net margin of 18.07% and a return on equity of 26.86%. The company had revenue of $493.57 million during the quarter, compared to the consensus estimate of $476.28 million. During the same quarter last year, the company earned $1.16 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts expect Simpson Manufacturing to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Simpson Manufacturing Stock Up 0.4%

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Shares of NYSE:SSD opened at $103.88 on Monday. The company has a quick ratio of 4.40, a current ratio of 5.85 and a debt-to-equity ratio of 0.55. Simpson Manufacturing has a 52-week low of $87.73 and a 52-week high of $141.26. The company has a 50 day moving average of $102.41 and a two-hundred day moving average of $110.81. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 14.53 and a beta of 1.19.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 28th. Shareholders of record on Thursday, July 7th will be given a $0.26 dividend. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, July 6th. This represents a $1.04 annualized dividend and a yield of 1.00%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.55%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the completion of the transaction, the insider now owns 32,412 shares of the company’s stock, valued at $3,403,260. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Simpson Manufacturing news, insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $105.00, for a total value of $63,000.00. Following the completion of the transaction, the insider now owns 32,412 shares of the company’s stock, valued at $3,403,260. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Karen Winifred Colonias sold 15,000 shares of Simpson Manufacturing stock in a transaction on Monday, June 6th. The stock was sold at an average price of $110.46, for a total transaction of $1,656,900.00. Following the completion of the transaction, the chief executive officer now directly owns 33,423 shares of the company’s stock, valued at approximately $3,691,904.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,380 shares of company stock valued at $2,429,487. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Simpson Manufacturing

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Simpson Manufacturing by 0.7% in the first quarter. Vanguard Group Inc. Now owns 4,191,973 shares of the construction company’s stock valued at $457,093,000 after buying an additional 27,350 shares during the last quarter. Capital International Investors raised its stake in shares of Simpson Manufacturing by 9.5% during the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock valued at $227,186,000 after purchasing an additional 180,856 shares in the last quarter. State Street Corp raised its stake in shares of Simpson Manufacturing by 1.7% during the first quarter. State Street Corp now owns 1,347,592 shares of the construction company’s stock valued at $146,941,000 after purchasing an additional 22,435 shares in the last quarter. Charles Schwab Investment Management Inc. its raised stake in shares of Simpson Manufacturing by 2.9% during the first quarter. Charles Schwab Investment Management Inc. Now owns 401,994 shares of the construction company’s stock valued at $43,834,000 after purchasing an additional 11,514 shares in the last quarter. Finally, Loomis Sayles & Co. LP raised its stake in shares of Simpson Manufacturing by 25.4% during the first quarter. Loomis Sayles & Co. LP now owns 355,944 shares of the construction company’s stock valued at $38,812,000 after purchasing an additional 71,992 shares in the last quarter. 91.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SSD. StockNews.com downgraded shares of Simpson Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 20th. Robert W. Baird raised their price target on shares of Simpson Manufacturing from $136.00 to $145.00 in a research report on Tuesday, April 26th.

About Simpson Manufacturing

(Get Rating)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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, strengthening and protection products.

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Earnings History for Simpson Manufacturing (NYSE:SSD)

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