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

Simpson Manufacturing (NYSE:SSD) announced 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 15.99% and a return on equity of 22.06%. The firm 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 business posted $2.05 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year.

Simpson Manufacturing Stock Up 0.4 %

NYSE:SSD opened at $185.14 on Tuesday. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 22.41 and a beta of 1.30. Simpson Manufacturing has a twelve month low of $112.38 and a twelve month high of $218.38. The stock’s 50 day moving average price is $197.37 and its two-hundred day moving average price is $178.73. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SSD. Robert W. Baird boosted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th.

Insider Transactions at Simpson Manufacturing

In other news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. In the last three months, insiders sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is owned by company insiders.

About Simpson Manufacturing

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.