Simpson Manufacturing (NYSE:SSD) Releases Earnings Results, Misses Expectations By $0.07 EPS

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

Simpson Manufacturing Trading Down 8.6 %

Shares of SSD stock opened at $169.28 on Wednesday. The company’s fifty day simple moving average is $197.04 and its two-hundred day simple moving average is $178.93. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 21.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11. Simpson Manufacturing has a 1 year low of $112.38 and a 1 year high of $218.38.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SSD shares. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Insider Activity

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 transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares in the company, valued at approximately $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $168,368.00. Following the transaction, the executive vice president now owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock worth $770,924 in the last three months. Corporate 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.