Simpson Manufacturing (NYSE:SSD) Announces Quarterly Earnings Results

Simpson Manufacturing (NYSE:SSD) issued 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. The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.77%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 EPS.

Simpson Manufacturing Trading Down 8.6 %

Shares of SSD opened at $169.28 on Wednesday. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. Simpson Manufacturing has a 12-month low of $112.38 and a 12-month high of $218.38. The firm has a market capitalization of $7.19 billion, a PE ratio of 21.21 and a beta of 1.30. The stock’s fifty day simple moving average is $197.04 and its 200-day simple moving average is $178.93.

Analyst Ratings Changes

SSD has been the topic of several research reports. Robert W. Baird upped their price target 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 Activity

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the transaction, the director now owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer Chatman sold 934 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock valued at $770,924 over the last 90 days. 0.42% of the stock is owned by company 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.