$77.35 Million in Sales Expected for American Vanguard Corporation (NYSE:AVD) This Quarter

Wall Street analysts forecast that American Vanguard Corporation (NYSE:AVD) will report $77.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Vanguard Corporation’s earnings. The highest sales estimate is $79.10 million and the lowest is $75.60 million. American Vanguard Corporation reported sales of $72.72 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The firm is scheduled to report its next earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that American Vanguard Corporation will report full year sales of $77.35 million for the current year, with estimates ranging from $328.10 million to $333.50 million. For the next fiscal year, analysts anticipate that the business will report sales of $355.80 million per share, with estimates ranging from $352.60 million to $359.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for American Vanguard Corporation.

American Vanguard Corporation (NYSE:AVD) last issued its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $70.70 million for the quarter, compared to analyst estimates of $74.92 million. American Vanguard Corporation had a return on equity of 4.80% and a net margin of 4.30%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share.

AVD has been the subject of several recent analyst reports. Roth Capital set a $18.00 target price on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Saturday, March 18th. Feltl & Co. restated a “strong-buy” rating on shares of American Vanguard Corporation in a research report on Wednesday, March 8th. Zacks Investment Research cut shares of American Vanguard Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, March 9th. Finally, TheStreet upgraded shares of American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. American Vanguard Corporation has a consensus rating of “Buy” and an average target price of $17.50.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/07/29/77-35-million-in-sales-expected-for-american-vanguard-corporation-nyseavd-this-quarter-updated-updated-updated.html.

Shares of American Vanguard Corporation (NYSE:AVD) traded up 2.32% during trading on Friday, hitting $17.65. The company’s stock had a trading volume of 21,369 shares. American Vanguard Corporation has a 52 week low of $14.20 and a 52 week high of $20.00. The company has a market cap of $525.67 million, a PE ratio of 38.37 and a beta of 1.37. The firm’s 50 day moving average price is $17.50 and its 200-day moving average price is $17.13.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.34%. The ex-dividend date is Wednesday, June 28th. American Vanguard Corporation’s dividend payout ratio (DPR) is 13.04%.

In other American Vanguard Corporation news, CEO Eric G. Wintemute sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $16.99, for a total value of $339,800.00. Following the completion of the transaction, the chief executive officer now owns 922,003 shares in the company, valued at approximately $15,664,830.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of American Vanguard Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,430,201 shares of the basic materials company’s stock worth $40,342,000 after buying an additional 119,462 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Vanguard Corporation by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,370,250 shares of the basic materials company’s stock worth $39,345,000 after buying an additional 84,367 shares in the last quarter. Cove Street Capital LLC raised its stake in shares of American Vanguard Corporation by 9.4% in the first quarter. Cove Street Capital LLC now owns 1,351,750 shares of the basic materials company’s stock worth $22,439,000 after buying an additional 116,215 shares in the last quarter. State Street Corp raised its stake in shares of American Vanguard Corporation by 7.1% in the fourth quarter. State Street Corp now owns 598,402 shares of the basic materials company’s stock worth $11,460,000 after buying an additional 39,689 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of American Vanguard Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 565,690 shares of the basic materials company’s stock worth $9,390,000 after buying an additional 36,542 shares in the last quarter. 76.49% of the stock is owned by institutional investors.

About American Vanguard Corporation

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.

Get a free copy of the Zacks research report on American Vanguard Corporation (AVD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Vanguard Corporation (NYSE:AVD)

Receive News & Ratings for American Vanguard Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Vanguard Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply