Equities analysts expect American Vanguard Co. (NYSE:AVD) to post $107.35 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for American Vanguard’s earnings, with the lowest sales estimate coming in at $103.30 million and the highest estimate coming in at $111.40 million. American Vanguard posted sales of $70.67 million in the same quarter last year, which suggests a positive year over year growth rate of 51.9%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that American Vanguard will report full year sales of $470.70 million for the current financial year, with estimates ranging from $463.20 million to $478.20 million. For the next fiscal year, analysts expect that the firm will report sales of $499.35 million per share, with estimates ranging from $481.70 million to $517.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow American Vanguard.
American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Monday, March 12th. The basic materials company reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $110.06 million. American Vanguard had a return on equity of 5.74% and a net margin of 5.70%. The business’s revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS.
Several analysts have weighed in on AVD shares. Zacks Investment Research raised American Vanguard from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Roth Capital reissued a “buy” rating on shares of American Vanguard in a research report on Thursday, March 15th. Finally, ValuEngine raised American Vanguard from a “hold” rating to a “buy” rating in a research 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.33.
American Vanguard stock traded down $0.35 during trading hours on Friday, hitting $22.05. 25,550 shares of the stock traded hands, compared to its average volume of 112,405. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 2.02. The stock has a market cap of $682.30, a price-to-earnings ratio of 39.48 and a beta of 1.19. American Vanguard has a one year low of $15.20 and a one year high of $24.00.
The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were given a $0.02 dividend. This is a boost from American Vanguard’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, March 28th. American Vanguard’s payout ratio is currently 14.04%.
Several institutional investors and hedge funds have recently modified their holdings of AVD. First Trust Advisors LP lifted its position in American Vanguard by 13.4% in the 4th quarter. First Trust Advisors LP now owns 23,470 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 2,766 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in American Vanguard by 11.2% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 49,150 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 4,970 shares in the last quarter. Strs Ohio lifted its position in American Vanguard by 14.3% in the 4th quarter. Strs Ohio now owns 40,000 shares of the basic materials company’s stock valued at $786,000 after acquiring an additional 5,000 shares in the last quarter. Macquarie Group Ltd. bought a new position in American Vanguard in the 3rd quarter valued at approximately $141,000. Finally, Teachers Advisors LLC raised its stake in American Vanguard by 12.0% during the 4th quarter. Teachers Advisors LLC now owns 66,065 shares of the basic materials company’s stock valued at $1,298,000 after buying an additional 7,091 shares during the last quarter. 76.91% of the stock is currently owned by hedge funds and other institutional investors.
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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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