Equities analysts forecast that Simpson Manufacturing Co, Inc. (NYSE:SSD) will post sales of $257.49 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Simpson Manufacturing’s earnings, with estimates ranging from $257.40 million to $257.58 million. Simpson Manufacturing reported sales of $244.78 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The company is scheduled to announce its next earnings report after the market closes on Monday, April 29th.
On average, analysts expect that Simpson Manufacturing will report full-year sales of $1.14 billion for the current financial year, with estimates ranging from $1.14 billion to $1.15 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.22 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Simpson Manufacturing.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 4th. The construction company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.16). The business had revenue of $241.80 million during the quarter, compared to analysts’ expectations of $251.77 million. Simpson Manufacturing had a net margin of 12.01% and a return on equity of 15.18%. Simpson Manufacturing’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS.
A number of hedge funds have recently bought and sold shares of SSD. Alliancebernstein L.P. grew its position in Simpson Manufacturing by 3.7% during the third quarter. Alliancebernstein L.P. now owns 61,114 shares of the construction company’s stock valued at $4,428,000 after acquiring an additional 2,200 shares during the period. FMR LLC grew its position in Simpson Manufacturing by 1.3% during the third quarter. FMR LLC now owns 831,710 shares of the construction company’s stock valued at $60,266,000 after acquiring an additional 10,710 shares during the period. AMP Capital Investors Ltd purchased a new stake in Simpson Manufacturing during the third quarter valued at about $218,000. Hsbc Holdings PLC grew its position in Simpson Manufacturing by 93.2% during the third quarter. Hsbc Holdings PLC now owns 11,226 shares of the construction company’s stock valued at $813,000 after acquiring an additional 5,415 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Simpson Manufacturing by 43.4% during the third quarter. Allianz Asset Management GmbH now owns 56,488 shares of the construction company’s stock valued at $4,094,000 after acquiring an additional 17,109 shares during the period. 89.31% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SSD traded down $0.59 during midday trading on Friday, reaching $63.61. The company’s stock had a trading volume of 139,675 shares, compared to its average volume of 232,372. The company has a market cap of $2.87 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.89 and a beta of 1.54. Simpson Manufacturing has a 1 year low of $49.54 and a 1 year high of $78.36.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 30.45%.
About Simpson Manufacturing
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, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, 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, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
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