$0.62 EPS Expected for Simpson Manufacturing Co, Inc. (SSD) This Quarter

Analysts expect Simpson Manufacturing Co, Inc. (NYSE:SSD) to announce earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Simpson Manufacturing’s earnings, with estimates ranging from $0.64 to $0.77. Simpson Manufacturing posted earnings of $0.54 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The business is scheduled to issue its next quarterly earnings report on Monday, February 4th.

According to Zacks, analysts expect that Simpson Manufacturing will report full year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.72. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Simpson Manufacturing.

A number of analysts recently weighed in on SSD shares. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Robert W. Baird downgraded Simpson Manufacturing from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $72.00 in a report on Monday, October 15th. Finally, ValuEngine downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 18th.

Institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new stake in Simpson Manufacturing during the 3rd quarter worth about $4,782,000. Conestoga Capital Advisors LLC grew its stake in shares of Simpson Manufacturing by 12.1% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,581,452 shares of the construction company’s stock valued at $114,592,000 after buying an additional 170,285 shares during the period. California Public Employees Retirement System grew its stake in shares of Simpson Manufacturing by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 82,516 shares of the construction company’s stock valued at $5,132,000 after buying an additional 8,018 shares during the period. Lee Financial Group Hawaii Inc. grew its stake in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Lee Financial Group Hawaii Inc. now owns 35,224 shares of the construction company’s stock valued at $2,552,000 after buying an additional 1,358 shares during the period. Finally, Bahl & Gaynor Inc. grew its stake in shares of Simpson Manufacturing by 1.6% in the 3rd quarter. Bahl & Gaynor Inc. now owns 75,206 shares of the construction company’s stock valued at $5,449,000 after buying an additional 1,161 shares during the period. Hedge funds and other institutional investors own 88.97% of the company’s stock.

NYSE SSD opened at $60.94 on Friday. The firm has a market capitalization of $2.81 billion, a P/E ratio of 30.78, a P/E/G ratio of 3.43 and a beta of 1.58. Simpson Manufacturing has a twelve month low of $49.54 and a twelve month high of $78.36.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

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