Simpson Manufacturing Co., Inc. (SSD - Free Report) reported fourth-quarter 2016 earnings of 36 cents per share, a 20% year-over-year improvement from 30 cents per share in the prior-year quarter. Earnings, however, missed the Zacks Consensus Estimate of 40 cents.
Operational Update
Total revenue rose 8% to $200 million from $184.8 million in the year-ago quarter, beating the Zacks Consensus Estimate of $196 million.
Cost of sales went up 3% year over year to $105 million. Gross profit was $95 million, up 14.7% from $82.8 million in the year-earlier quarter. Gross margin expanded by 260 basis points (bps) to 47.4% from the year-ago quarter.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Simpson Manufacturing Co., Inc. (SSD - Free Report) reported fourth-quarter 2016 earnings of 36 cents per share, a 20% year-over-year improvement from 30 cents per share in the prior-year quarter. Earnings, however, missed the Zacks Consensus Estimate of 40 cents.
Operational Update
Total revenue rose 8% to $200 million from $184.8 million in the year-ago quarter, beating the Zacks Consensus Estimate of $196 million.
Cost of sales went up 3% year over year to $105 million. Gross profit was $95 million, up 14.7% from $82.8 million in the year-earlier quarter. Gross margin expanded by 260 basis points (bps) to 47.4% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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