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

Simpson Manufacturing (NYSE:SSD) released its quarterly earnings results on Monday. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07), Briefing.com reports. The company had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.77% and a net margin of 15.45%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $2.05 earnings per share.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $169.28 on Wednesday. The stock has a fifty day moving average price of $197.04 and a 200 day moving average price of $178.93. Simpson Manufacturing has a 52 week low of $112.38 and a 52 week high of $218.38. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.19 billion, a P/E ratio of 21.21 and a beta of 1.30.

Analysts Set New Price Targets

SSD has been the subject of several analyst reports. Robert W. Baird upped their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. StockNews.com lowered 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 dated Wednesday, March 20th. The stock was 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 of the company’s stock, valued at $5,697,573.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the sale, 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. Over the last 90 days, insiders sold 3,784 shares of company stock valued at $770,924. Company 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.