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.
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%.
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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.
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