Analysts Issue Forecasts for American Vanguard Corp.’s Q3 2018 Earnings (AVD)

American Vanguard Corp. (NYSE:AVD) – Research analysts at SunTrust Banks issued their Q3 2018 earnings per share estimates for American Vanguard in a research report issued on Tuesday. SunTrust Banks analyst J. Sheehan expects that the basic materials company will post earnings of $0.24 per share for the quarter.

Separately, Zacks Investment Research cut American Vanguard from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. American Vanguard currently has a consensus rating of “Hold” and a consensus price target of $25.33.

American Vanguard (NYSE:AVD) opened at $23.05 on Thursday. The firm has a market cap of $683.79, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23. American Vanguard has a 12 month low of $14.90 and a 12 month high of $24.00. The company has a quick ratio of 1.20, a current ratio of 2.02 and a debt-to-equity ratio of 0.25.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Monday, March 12th. The basic materials company reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm 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%. American Vanguard’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.02 per share. This is a boost from American Vanguard’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, March 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.35%. American Vanguard’s payout ratio is presently 8.70%.

A number of large investors have recently made changes to their positions in AVD. Heartland Advisors Inc. raised its stake in American Vanguard by 21.8% during the fourth quarter. Heartland Advisors Inc. now owns 981,413 shares of the basic materials company’s stock valued at $19,285,000 after buying an additional 175,780 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of American Vanguard by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 547,952 shares of the basic materials company’s stock worth $10,767,000 after purchasing an additional 67,800 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of American Vanguard in the fourth quarter worth $1,289,000. Deutsche Bank AG raised its stake in shares of American Vanguard by 68.2% in the fourth quarter. Deutsche Bank AG now owns 153,482 shares of the basic materials company’s stock worth $3,014,000 after purchasing an additional 62,248 shares during the last quarter. Finally, Weil Company Inc. purchased a new position in shares of American Vanguard in the fourth quarter worth $871,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

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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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