American Vanguard Corp. (NYSE:AVD) – Analysts at SunTrust Banks issued their Q1 2018 earnings estimates for shares of American Vanguard in a report released on Tuesday, March 13th, Zacks Investment Research reports. SunTrust Banks analyst J. Sheehan forecasts that the basic materials company will post earnings per share of $0.14 for the quarter. SunTrust Banks also issued estimates for American Vanguard’s Q2 2018 earnings at $0.18 EPS and Q4 2018 earnings at $0.26 EPS.
American Vanguard (NYSE:AVD) last issued its earnings results on Monday, March 12th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $116.50 million for the quarter, compared to analyst estimates of $110.06 million. American Vanguard had a net margin of 5.70% and a return on equity of 5.74%. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS.
Several other brokerages have also issued reports on AVD. ValuEngine raised shares of American Vanguard from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Finally, Roth Capital reiterated a “buy” rating on shares of American Vanguard in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. American Vanguard has an average rating of “Hold” and an average target price of $25.33.
Shares of NYSE AVD traded down $0.30 during mid-day trading on Friday, hitting $20.75. The company’s stock had a trading volume of 102,809 shares, compared to its average volume of 146,754. The firm has a market capitalization of $618.25, a PE ratio of 36.40 and a beta of 1.19. The company has a current ratio of 2.02, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. American Vanguard has a one year low of $15.20 and a one year high of $24.00.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.39%. This is an increase from American Vanguard’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, March 28th. American Vanguard’s dividend payout ratio (DPR) is currently 14.04%.
Several large investors have recently made changes to their positions in AVD. Wells Fargo & Company MN raised its holdings in American Vanguard by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock worth $345,000 after buying an additional 294 shares during the period. Parametric Portfolio Associates LLC raised its holdings in American Vanguard by 46.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 26,309 shares of the basic materials company’s stock worth $454,000 after buying an additional 8,302 shares during the period. Voya Investment Management LLC raised its holdings in American Vanguard by 12.6% during the 2nd quarter. Voya Investment Management LLC now owns 15,495 shares of the basic materials company’s stock worth $267,000 after buying an additional 1,734 shares during the period. State Street Corp raised its holdings in American Vanguard by 4.2% during the 2nd quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock worth $11,442,000 after buying an additional 26,587 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in American Vanguard by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,442 shares of the basic materials company’s stock worth $404,000 after buying an additional 895 shares during the period. Institutional investors and hedge funds own 76.80% of the company’s stock.
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About American Vanguard
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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