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

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

Simpson Manufacturing Stock Down 0.2 %

NYSE SSD traded down $0.26 during trading on Wednesday, reaching $168.97. The company’s stock had a trading volume of 330,480 shares, compared to its average volume of 245,764. 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 stock has a market capitalization of $7.18 billion, a PE ratio of 21.21 and a beta of 1.30. The business has a 50-day moving average price of $197.04 and a 200-day moving average price of $178.93. Simpson Manufacturing has a 1-year low of $117.08 and a 1-year high of $218.38.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were 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 in the company, valued at $5,697,573.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock worth $770,924 over the last ninety days. 0.42% of the stock is currently 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.