Equities analysts predict that American Vanguard Corporation (NYSE:AVD) will announce earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for American Vanguard’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.17. American Vanguard posted earnings of $0.13 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 38.5%. The company is expected to report its next earnings report on Monday, March 5th.
According to Zacks, analysts expect that American Vanguard will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.60. For the next fiscal year, analysts forecast that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover American Vanguard.
American Vanguard (NYSE:AVD) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). American Vanguard had a net margin of 4.83% and a return on equity of 5.44%. The company had revenue of $90.00 million during the quarter, compared to the consensus estimate of $89.17 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut American Vanguard from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $23.00 price target on shares of American Vanguard in a research note on Friday, November 3rd. Roth Capital set a $28.00 price target on American Vanguard and gave the stock a “buy” rating in a research note on Sunday, October 1st. Finally, BidaskClub cut American Vanguard from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.33.
American Vanguard (AVD) opened at $19.90 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 2.37. American Vanguard has a 12 month low of $14.65 and a 12 month high of $24.00. The stock has a market capitalization of $592.91, a P/E ratio of 36.85, a PEG ratio of 2.24 and a beta of 1.23.
Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in American Vanguard in the third quarter worth $141,000. Victory Capital Management Inc. purchased a new stake in American Vanguard in the third quarter worth $153,000. Acrospire Investment Management LLC grew its stake in American Vanguard by 83.7% in the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 3,956 shares during the period. BNP Paribas Arbitrage SA grew its stake in American Vanguard by 54.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,162 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in American Vanguard in the third quarter worth $221,000. 76.47% of the stock is currently owned by institutional investors.
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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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