American Vanguard Corp. (AVD) Expected to Post Q3 2018 Earnings of $0.24 Per Share

American Vanguard Corp. (NYSE:AVD) – Research analysts at SunTrust Banks issued their Q3 2018 earnings per share estimates for shares of American Vanguard in a research note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. SunTrust Banks analyst J. Sheehan anticipates that the basic materials company will post earnings per share of $0.24 for the quarter.

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AVD has been the subject of several other reports. Zacks Investment Research upgraded shares of American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Roth Capital restated a “buy” rating on shares of American Vanguard in a report on Thursday, March 15th. Finally, ValuEngine upgraded shares of American Vanguard from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.33.

Shares of AVD stock traded down $0.30 during trading hours on Thursday, hitting $20.75. 102,809 shares of the company’s stock traded hands, compared to its average volume of 146,754. American Vanguard has a 12-month low of $15.20 and a 12-month high of $24.00. The firm has a market capitalization of $627.18, a price-to-earnings ratio of 36.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 2.02.

American Vanguard (NYSE:AVD) last released its earnings results on Monday, March 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. American Vanguard had a net margin of 5.70% and a return on equity of 5.74%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $110.06 million. During the same period last year, the business earned $0.13 earnings per share. The business’s revenue was up 33.1% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in American Vanguard in the 3rd quarter worth approximately $141,000. Victory Capital Management Inc. purchased a new position in American Vanguard in the 3rd quarter worth approximately $153,000. Campbell & CO Investment Adviser LLC purchased a new position in American Vanguard in the 3rd quarter worth approximately $221,000. Citadel Advisors LLC purchased a new position in American Vanguard in the 3rd quarter worth approximately $227,000. Finally, BNP Paribas Arbitrage SA raised its holdings in American Vanguard by 58.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,294 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 5,275 shares during the last quarter. Institutional investors own 76.80% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a $0.02 dividend. This is a positive change from American Vanguard’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, March 28th. American Vanguard’s payout ratio is presently 14.04%.

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American Vanguard 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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