Simpson Manufacturing (NYSE:SSD) Issues Earnings Results, Misses Estimates By $0.19 EPS

Simpson Manufacturing (NYSE:SSD - Get Free Report) announced its quarterly earnings data on Monday. The construction company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19), Briefing.com reports. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $587.15 million for the quarter, compared to analysts' expectations of $589.00 million. During the same period in the previous year, the firm posted $2.43 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis.

Simpson Manufacturing Stock Performance

SSD stock opened at $186.25 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 23.34 and a beta of 1.32. Simpson Manufacturing has a 12 month low of $123.93 and a 12 month high of $218.38. The firm has a 50 day moving average of $183.96 and a two-hundred day moving average of $178.20.

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 given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing's dividend payout ratio is 14.04%.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research report on Monday.

Insiders Place Their Bets

In related news, Director James S. Andrasick sold 500 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the sale, the director now directly owns 866 shares of the company's stock, valued at approximately $154,797.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director James S. Andrasick sold 500 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares of the company's stock, valued at approximately $708,114.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,571 shares of company stock valued at $2,348,027 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

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.