Simpson Manufacturing (SSD) Issues Earnings Results, Beats Expectations By $0.05 EPS

Simpson Manufacturing (NYSE:SSD) issued its quarterly earnings results on Monday. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05, MarketWatch Earnings reports. The business had revenue of $284.18 million for the quarter, compared to the consensus estimate of $296.80 million. Simpson Manufacturing had a return on equity of 12.61% and a net margin of 10.58%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share.

NYSE:SSD traded down $0.10 during trading hours on Tuesday, reaching $55.02. 67,099 shares of the company were exchanged, compared to its average volume of 407,505. The company has a market capitalization of $2.59 billion, a P/E ratio of 27.79, a P/E/G ratio of 3.69 and a beta of 1.59. Simpson Manufacturing has a 1-year low of $48.32 and a 1-year high of $78.36.

In related news, Director James S. Andrasick sold 1,950 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $73.43, for a total transaction of $143,188.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company’s stock.

SSD has been the topic of a number of analyst reports. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Robert W. Baird downgraded Simpson Manufacturing from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $72.00 in a research report on Monday, October 15th. ValuEngine downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Sidoti raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 31st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Simpson Manufacturing has an average rating of “Hold” and an average target price of $74.00.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

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Earnings History for Simpson Manufacturing (NYSE:SSD)

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