Brokerages expect American Vanguard Co. (NYSE:AVD) to report earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American Vanguard’s earnings. American Vanguard posted earnings per share of $0.15 during the same quarter last year, which suggests a positive year over year growth rate of 13.3%. The business is scheduled to announce its next quarterly earnings report on Monday, July 30th.
On average, analysts expect that American Vanguard will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.82 to $0.83. For the next year, analysts forecast that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.87 to $0.97. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover American Vanguard.
American Vanguard (NYSE:AVD) last issued its earnings results on Tuesday, May 8th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $104.11 million during the quarter, compared to analysts’ expectations of $103.81 million. American Vanguard had a net margin of 5.52% and a return on equity of 6.01%. The business’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
AVD has been the subject of several recent research reports. Roth Capital reiterated a “buy” rating on shares of American Vanguard in a research report on Thursday, March 15th. Zacks Investment Research cut shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Finally, ValuEngine upgraded shares of American Vanguard from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.00.
Shares of American Vanguard traded down $0.15, hitting $22.80, on Wednesday, MarketBeat.com reports. 32,224 shares of the company’s stock traded hands, compared to its average volume of 87,144. The stock has a market capitalization of $685.42 million, a price-to-earnings ratio of 40.00 and a beta of 1.07. American Vanguard has a one year low of $17.10 and a one year high of $24.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.09 and a current ratio of 2.15.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Stockholders of record on Thursday, June 28th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, June 27th. American Vanguard’s dividend payout ratio (DPR) is 14.04%.
In other news, insider Peter Porpiglia sold 2,800 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $23.47, for a total value of $65,716.00. Following the completion of the transaction, the insider now owns 24,557 shares of the company’s stock, valued at approximately $576,352.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alfred F. Ingulli sold 10,413 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $21.17, for a total transaction of $220,443.21. Following the completion of the transaction, the director now directly owns 10,414 shares of the company’s stock, valued at approximately $220,464.38. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in AVD. BlackRock Inc. grew its holdings in shares of American Vanguard by 1.9% in the 1st quarter. BlackRock Inc. now owns 3,725,111 shares of the basic materials company’s stock valued at $75,248,000 after buying an additional 68,530 shares during the period. Renaissance Technologies LLC grew its holdings in shares of American Vanguard by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 547,952 shares of the basic materials company’s stock valued at $10,767,000 after buying an additional 67,800 shares during the period. Deutsche Bank AG grew its holdings in shares of American Vanguard by 68.2% in the 4th quarter. Deutsche Bank AG now owns 153,482 shares of the basic materials company’s stock valued at $3,014,000 after buying an additional 62,248 shares during the period. Weil Company Inc. acquired a new position in American Vanguard in the 4th quarter worth $871,000. Finally, Investors Research Corp acquired a new position in American Vanguard in the 4th quarter worth $686,000. 77.24% of the stock is owned by institutional investors.
American Vanguard Company Profile
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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