Simpson Manufacturing (SSD) Scheduled to Post Earnings on Monday

Simpson Manufacturing (NYSE:SSD) is set to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $2.40 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The firm had revenue of $596.98 million for the quarter, compared to the consensus estimate of $604.67 million. During the same period last year, the firm earned $2.50 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect Simpson Manufacturing to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Simpson Manufacturing Price Performance

SSD opened at $190.08 on Friday. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 23.82 and a beta of 1.32. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing has a 12-month low of $123.93 and a 12-month high of $218.38. The business’s fifty day simple moving average is $183.96 and its 200-day simple moving average is $178.33.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is 14.04%.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the sale, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is currently owned by corporate 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.