Wednesday, May 12, 2021

Simpson Manufacturing Co. Inc. [SSD] earnings preview: what to look & expect from their March quarter

Earnings from Simpson Manufacturing Co. Inc. [SSD] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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SSD Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.89 per share on revenue of $313.83M. Taking a look at the future, the company is projected to report revenue of $362.09M at an earnings per share of $1.22 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 8.10% in revenue and 9.47% in earnings per share for the company.

SSD Stock Earnings Forecast For The Current Year


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For the full financial year, Simpson Manufacturing Co. Inc. [NYSE:SSD] is forecasted to generate revenue of $1.39B. The figure is about $120.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $4.27 in 2021, which is $0.0 lower than the figure in FY20. Based on current estimates, earnings are expected to grow 9.60% next year, and 5.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 10.00% in current fiscal year and 8.10% over following year.

SSD Stock Price Performance

At a last check today, Simpson Manufacturing Co. Inc. [NYSE:SSD] finished up 0.40% at $107.80. The stock’s day high price was $107.93, and its lowest was $105.80. Its price fall -0.45% in the last five days. Since the beginning of the year, Simpson Manufacturing Co. Inc.’s shares are up nearly 14.90%. However, the share price is -1.87% below its one year high. The top price reached by the shares of the company was $109.85 on 03/11/21, while the 52-week low came on 01/04/21, when the shares were $91.25. In the past year, shares of the company have risen 82.85%. At 50 days, the moving average achieved is $103.26 while at 200 days, the moving average is $97.23. There were 17103.0 shares traded in the last session, down from 0.18 million in the previous session.

Simpson Manufacturing Co. Inc. [NYSE:SSD] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 25.16, Simpson Manufacturing Co. Inc. [SSD] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 16.16 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.64 PS value ratio is reported for the last one year of reported earnings. This is above the average return 0.76 for the industry, which means SSD offers an unattractive investment opportunity than its competitors do.

SSD Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 107.67 level, and the violation of this level will cause a further drop to 106.14 level. At the upper end, 110.40 remains a key resistance. As the stock increases, it may find resistance at 109.16. In the 14-day chart, the Relative Strength Index standing at 58.84 suggests a technical neutral stance while the MACD standing at 0.68 indicates price will decrease in the next trading period. Stochastic %K at 73.28% suggests holding the stock while Percent R indicator at 14.96% suggests bullish price movement.

How much is the short interest in Simpson Manufacturing Co. Inc.?

There have been a drop in short interest in the Simpson Manufacturing Co. Inc. Financial stock, with short interest down by -0.3 million shares to 0.96 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.66 million shares. This 31.68% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.72% of the overall float in the stock, while the stock’s days to cover moved to 2.25.

How do analysts view Simpson Manufacturing Co. Inc.?

In regard to the share price forecast for Simpson Manufacturing Co. Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $107.00 in the next twelve months, representing almost an -0.75% growth from its recent price of $107.80. Among Simpson Manufacturing Co. Inc. stock projections, $120.00 is the highest analyst target for the stock, while $100.00 is the lowest. Despite this, 4 analysts who share their consensus rating for SSD in 2021 agree that the stock is a Hold. The latest rating change took place on 2/09/21, when DA Davidson Ratings launched coverage of the stock at “Neutral” and assigned a price target of $106.0.

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