Equities analysts expect American Vanguard Corp. (NYSE:AVD) to report $0.17 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for American Vanguard’s earnings. American Vanguard posted earnings per share of $0.15 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The business is expected to announce its next earnings results after the market closes on Monday, August 6th.
According to Zacks, analysts expect that American Vanguard will report full year earnings of $0.83 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.83. For the next financial year, analysts forecast that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.87 to $0.97. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover American Vanguard.
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American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Tuesday, May 8th. The basic materials company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The firm had revenue of $104.11 million during the quarter, compared to the consensus estimate of $103.81 million. American Vanguard had a return on equity of 6.01% and a net margin of 5.52%. The firm’s revenue was up 47.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS.
Separately, Zacks Investment Research downgraded American Vanguard from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.00.
AVD traded up $0.10 on Wednesday, hitting $21.70. 79,700 shares of the company traded hands, compared to its average volume of 99,871. The company has a quick ratio of 1.09, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. The company has a market cap of $634.65 million, a PE ratio of 38.07 and a beta of 1.07. American Vanguard has a 12-month low of $18.01 and a 12-month high of $24.00.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 12th. Shareholders of record on Thursday, June 28th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Wednesday, June 27th. American Vanguard’s dividend payout ratio is presently 14.04%.
In other news, CFO David` T. Johnson sold 9,940 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $20.91, for a total transaction of $207,845.40. Following the completion of the transaction, the chief financial officer now directly owns 36,095 shares of the company’s stock, valued at approximately $754,746.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Porpiglia sold 2,800 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $23.47, for a total value of $65,716.00. Following the transaction, the insider now directly owns 24,557 shares of the company’s stock, valued at $576,352.79. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Sheets Smith Wealth Management raised its stake in shares of American Vanguard by 16.1% during the 2nd quarter. Sheets Smith Wealth Management now owns 35,984 shares of the basic materials company’s stock worth $826,000 after buying an additional 4,983 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American Vanguard by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 205,454 shares of the basic materials company’s stock worth $4,150,000 after buying an additional 5,190 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of American Vanguard by 84.3% during the 1st quarter. Victory Capital Management Inc. now owns 13,468 shares of the basic materials company’s stock worth $272,000 after buying an additional 6,161 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of American Vanguard during the 2nd quarter worth approximately $141,000. Finally, Teachers Advisors LLC raised its stake in shares of American Vanguard by 12.0% during the 4th quarter. Teachers Advisors LLC now owns 66,065 shares of the basic materials company’s stock worth $1,298,000 after buying an additional 7,091 shares in the last quarter. 77.22% of the stock is owned by institutional investors and hedge funds.
About American Vanguard
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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