Simpson Manufacturing (NYSE:SSD) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Simpson Manufacturing (NYSE:SSD) issued its quarterly earnings data on Monday. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14, Zacks reports. The company had revenue of $538.90 million during the quarter, compared to analysts’ expectations of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%.

Simpson Manufacturing Trading Up 0.2 %

Shares of Simpson Manufacturing stock opened at $153.90 on Tuesday. Simpson Manufacturing has a 12-month low of $137.35 and a 12-month high of $197.82. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 20.25 and a beta of 1.33. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $155.81 and its two-hundred day moving average price is $168.87.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.73%. Simpson Manufacturing’s payout ratio is 14.74%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird reduced their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. DA Davidson decreased their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

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.