Simpson Manufacturing Company, Inc. ($SSD) 3Q20 Earnings Sneak Peek

Simpson Manufacturing Company, Inc. (NYSE:SSD) is reporting third quarter earnings results on Monday 26th October 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.95 per share from $ 312.40 million in revenue.

For the full year, analysts predict revenues of $ 1178.62 million, while looking forward to income of $ 3.51 per share.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 1,154.00 million ~ $ 1,182.00 million

Click Here For More Historical Outlooks Of Simpson Manufacturing Company, Inc.

Previous Quarter Performance

Simpson Manufacturing Company, Inc. revealed income for the second quarter of $ 1.22 per share, from the revenue of $ 326.08 million. The quarterly earnings improved 38.64 percent compared with the same quarter last year. Street analysts expected Simpson Manufacturing Company, Inc. to report income of $ 0.55 per share on revenue of $ 251.94 million for the second quarter. The bottom line results beat street analysts by $ 0.67 or 121.82 percent, at the same time, top line results outshined analysts by $ 74.14 million or 29.43 percent.

Stock Performance

On Friday, shares of Simpson Manufacturing Company, Inc. has traded high as $ 97.19 and has cracked $ 95.56 on the downward trend, reaching $ 96.96 with volume of 192.30 thousand shares.

According to the previous trading day, closing price of $ 96.96, representing a 103.68 % increase from the 52 week low of $ 47.02 and a 8.21 % decrease over the 52 week high of $ 104.34.

The company has a market capital of $ 4.22 billion and is part of the Industrials sector and Tools & Accessories industry.

Recent Analyst recommendations

  • On 15th October 2020, upgraded by Robert W. Baird to Outperform from Neutral rating.
Conference Call

Simpson Manufacturing Company, Inc. will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website

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, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, 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, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products. It also provides connectors for cross laminated timber, mid-rise steel construction, wood framing, decking, and cold formed steel applications; fasteners, which include various nails, and screws and staples for decking, subfloors, drywall, and roofing applications; and fiber reinforced cementitious mortar products.