Simpson Manufacturing (NYSE:SSD) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Simpson Manufacturing (NYSE:SSD) released its earnings results on Monday. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19), Briefing.com reports. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share.

Simpson Manufacturing Trading Up 0.3 %

Shares of SSD stock opened at $176.48 on Thursday. The company has a market cap of $7.44 billion, a P/E ratio of 23.31 and a beta of 1.32. The stock has a 50 day simple moving average of $184.33 and a two-hundred day simple moving average of $178.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.21 and a current ratio of 3.53. Simpson Manufacturing has a fifty-two week low of $123.93 and a fifty-two week high of $218.38.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.46, for a total value of $281,190.00. Following the completion of the transaction, the executive vice president now owns 8,438 shares in the company, valued at $1,581,787.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roger Dankel sold 2,700 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the transaction, the executive vice president now owns 24,064 shares of the company’s stock, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is owned by corporate insiders.

About Simpson Manufacturing

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.