Zacks: Analysts Expect American Vanguard Corporation (AVD) Will Announce Earnings of $0.16 Per Share
Equities research analysts expect that American Vanguard Corporation (NYSE:AVD) will announce earnings of $0.16 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Vanguard Corporation’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. American Vanguard Corporation posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year over year growth rate of 60%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that American Vanguard Corporation will report full year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.64. For the next fiscal year, analysts expect that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.64 to $0.83. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for American Vanguard Corporation.
American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The firm had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.71 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year.
AVD has been the topic of several research reports. TheStreet raised shares of American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Roth Capital set a $22.00 target price on shares of American Vanguard Corporation and gave the company a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, July 7th. Finally, BidaskClub raised shares of American Vanguard Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. American Vanguard Corporation currently has a consensus rating of “Hold” and a consensus target price of $19.33.
In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of American Vanguard Corporation stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $19.00, for a total transaction of $114,000.00. Following the completion of the transaction, the insider now owns 35,040 shares in the company, valued at $665,760. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AVD. Mason Street Advisors LLC raised its position in American Vanguard Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock worth $100,000 after buying an additional 395 shares in the last quarter. Acrospire Investment Management LLC raised its position in American Vanguard Corporation by 83.7% in the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after buying an additional 3,956 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in American Vanguard Corporation by 54.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after buying an additional 3,162 shares in the last quarter. Louisiana State Employees Retirement System raised its position in American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock worth $174,000 after buying an additional 100 shares in the last quarter. Finally, Hancock Holding Co. purchased a new position in American Vanguard Corporation during the first quarter worth $186,000. Institutional investors own 76.49% of the company’s stock.
American Vanguard Corporation (NYSE AVD) traded down 1.72% during midday trading on Friday, reaching $19.95. 102,350 shares of the company’s stock traded hands. The company has a market capitalization of $594.17 million, a PE ratio of 40.71 and a beta of 1.38. American Vanguard Corporation has a 1-year low of $14.20 and a 1-year high of $20.85. The firm’s 50 day moving average price is $18.54 and its 200-day moving average price is $17.24.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Wednesday, June 28th. American Vanguard Corporation’s payout ratio is currently 12.00%.
American Vanguard Corporation Company Profile
American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.
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