Simpson Manufacturing Company, Inc. (SSD) Expected to Post Quarterly Sales of $225.48 Million

Wall Street brokerages predict that Simpson Manufacturing Company, Inc. (NYSE:SSD) will report $225.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Simpson Manufacturing’s earnings. The highest sales estimate is $232.40 million and the lowest is $218.56 million. Simpson Manufacturing posted sales of $200.19 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.6%. The firm is scheduled to issue its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Simpson Manufacturing will report full-year sales of $225.48 million for the current year, with estimates ranging from $963.91 million to $977.80 million. For the next year, analysts expect that the company will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Simpson Manufacturing.

SSD has been the topic of several recent research reports. BidaskClub downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 target price on shares of Simpson Manufacturing in a research note on Friday, October 20th. Finally, DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 11,962 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $49.05, for a total value of $586,736.10. Following the sale, the insider now directly owns 769,504 shares of the company’s stock, valued at approximately $37,744,171.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Sharon H. Simpson sold 24,973 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $49.07, for a total transaction of $1,225,425.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 966,062 shares of company stock worth $14,581,567,733. Insiders own 0.36% of the company’s stock.

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $103,000. Riverhead Capital Management LLC increased its position in shares of Simpson Manufacturing by 62.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock valued at $114,000 after purchasing an additional 996 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $148,000. Verity Asset Management Inc. purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $205,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $230,000. 84.57% of the stock is currently owned by institutional investors.

Shares of Simpson Manufacturing (NYSE SSD) traded down $0.58 on Wednesday, reaching $59.85. 185,184 shares of the company traded hands, compared to its average volume of 216,794. Simpson Manufacturing has a 1 year low of $39.82 and a 1 year high of $61.62. The stock has a market cap of $2,859.17, a P/E ratio of 32.84, a P/E/G ratio of 6.45 and a beta of 1.52.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio is presently 41.58%.

COPYRIGHT VIOLATION WARNING: “Simpson Manufacturing Company, Inc. (SSD) Expected to Post Quarterly Sales of $225.48 Million” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.com-unik.info/2017/12/09/simpson-manufacturing-company-inc-ssd-expected-to-post-quarterly-sales-of-225-48-million.html.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Get a free copy of the Zacks research report on Simpson Manufacturing (SSD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Simpson Manufacturing (NYSE:SSD)

What are top analysts saying about Simpson Manufacturing Company Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Simpson Manufacturing Company Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit