What is DA Davidson's Forecast for SSD FY2025 Earnings?

Key Points

• DA Davidson has raised its earnings per share (EPS) forecast for Simpson Manufacturing for FY2025 to $8.22, up from a prior estimate of $8.10, with a target price of $185.00.
• Simpson Manufacturing reported a quarterly EPS of $2.47, exceeding expectations of $2.39, and achieved a revenue of $631.06 million, up 5.7% year-over-year.
• The company announced a quarterly dividend of $0.29, reflecting an annualized dividend yield of 0.63% with a payout ratio of 15.10%.

Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) - Equities researchers at DA Davidson upped their FY2025 earnings per share estimates for shares of Simpson Manufacturing in a research report issued to clients and investors on Tuesday, July 29th. DA Davidson analyst K. Yinger now anticipates that the construction company will post earnings per share of $8.22 for the year, up from their previous estimate of $8.10. DA Davidson currently has a "Neutral" rating and a $185.00 target price on the stock. The consensus estimate for Simpson Manufacturing's current full-year earnings is $8.29 per share. DA Davidson also issued estimates for Simpson Manufacturing's FY2026 earnings at $8.93 EPS.

Simpson Manufacturing Stock Down 0.3%

Shares of Simpson Manufacturing stock traded down $0.50 during trading on Thursday, reaching $178.93. The stock had a trading volume of 377,085 shares, compared to its average volume of 309,271. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 22.82 and a beta of 1.26. The stock has a fifty day moving average price of $160.95 and a two-hundred day moving average price of $160.17. Simpson Manufacturing has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a current ratio of 3.37, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, July 28th. The construction company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.08. The firm had revenue of $631.06 million for the quarter, compared to analyst estimates of $601.80 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%. The company's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share.

Institutional Trading of Simpson Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $28,000. Investment Management Corp VA ADV acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new position in shares of Simpson Manufacturing in the second quarter valued at approximately $31,000. Harbor Capital Advisors Inc. bought a new stake in shares of Simpson Manufacturing in the first quarter valued at approximately $45,000. Finally, CWM LLC boosted its stake in shares of Simpson Manufacturing by 39.1% in the first quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing's payout ratio is currently 14.80%.

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.