American Woodmark Co. (AMWD) Expected to Announce Quarterly Sales of $422.61 Million

Brokerages expect American Woodmark Co. (NASDAQ:AMWD) to announce sales of $422.61 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Woodmark’s earnings, with the lowest sales estimate coming in at $421.71 million and the highest estimate coming in at $423.50 million. American Woodmark posted sales of $274.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 53.8%. The company is expected to issue its next quarterly earnings report on Friday, December 7th.

According to Zacks, analysts expect that American Woodmark will report full-year sales of $1.69 billion for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report sales of $1.81 billion, with estimates ranging from $1.78 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover American Woodmark.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Monday, August 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.12. American Woodmark had a return on equity of 18.61% and a net margin of 4.68%. The firm had revenue of $429.00 million for the quarter, compared to the consensus estimate of $429.13 million. During the same quarter in the prior year, the business earned $1.36 EPS. The business’s revenue for the quarter was up 55.0% compared to the same quarter last year.



Several research firms have issued reports on AMWD. Zacks Investment Research downgraded American Woodmark from a “buy” rating to a “hold” rating in a report on Monday. Robert W. Baird set a $104.00 price objective on American Woodmark and gave the stock a “buy” rating in a report on Tuesday, October 16th. Longbow Research downgraded American Woodmark to a “buy” rating and set a $123.00 price objective on the stock. in a report on Friday, October 12th. TheStreet downgraded American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. Finally, ValuEngine downgraded American Woodmark from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, two have 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 $106.75.

NASDAQ:AMWD traded up $3.20 during trading hours on Tuesday, hitting $60.23. 1,891 shares of the stock were exchanged, compared to its average volume of 210,193. American Woodmark has a twelve month low of $55.99 and a twelve month high of $148.44. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.35 and a current ratio of 2.06. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.85 and a beta of 1.89.

Several institutional investors have recently modified their holdings of the business. Profund Advisors LLC raised its position in shares of American Woodmark by 35.9% during the 1st quarter. Profund Advisors LLC now owns 2,452 shares of the company’s stock valued at $241,000 after acquiring an additional 648 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of American Woodmark by 149.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock valued at $121,000 after acquiring an additional 790 shares during the last quarter. Grace & White Inc. NY raised its position in shares of American Woodmark by 1.4% during the 2nd quarter. Grace & White Inc. NY now owns 56,254 shares of the company’s stock valued at $5,150,000 after acquiring an additional 800 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of American Woodmark by 5.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 15,610 shares of the company’s stock valued at $1,428,000 after acquiring an additional 822 shares during the last quarter. Finally, Cutler Group LP raised its position in shares of American Woodmark by 1,010.0% during the 2nd quarter. Cutler Group LP now owns 1,110 shares of the company’s stock valued at $101,000 after acquiring an additional 1,010 shares during the last quarter. Institutional investors own 82.23% of the company’s stock.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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