Zacks: Analysts Expect American Vanguard Corp. (NYSE:AVD) to Post $0.16 Earnings Per Share

Brokerages expect American Vanguard Corp. (NYSE:AVD) to report $0.16 earnings per share (EPS) 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 $0.12. American Vanguard reported earnings of $0.25 per share during the same quarter last year, which indicates a negative year over year growth rate of 36%. The business is scheduled to report its next quarterly earnings report on Monday, March 9th.

According to Zacks, analysts expect that American Vanguard will report full-year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $0.54. For the next fiscal year, analysts forecast that the business will report earnings of $0.77 per share, with EPS estimates ranging from $0.75 to $0.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for American Vanguard.

American Vanguard (NYSE:AVD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. American Vanguard had a return on equity of 5.31% and a net margin of 3.75%. The firm had revenue of $124.88 million for the quarter, compared to analysts’ expectations of $123.13 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year.

Several equities research analysts have issued reports on AVD shares. Loop Capital lowered their price target on shares of American Vanguard to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. ValuEngine raised shares of American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Zacks Investment Research downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a report on Friday, October 18th.

In other American Vanguard news, CEO Eric G. Wintemute bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were purchased at an average price of $14.08 per share, for a total transaction of $70,400.00. Following the acquisition, the chief executive officer now owns 955,060 shares in the company, valued at approximately $13,447,244.80. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, COO Ulrich Trogele bought 2,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $14.24 per share, for a total transaction of $28,480.00. Following the acquisition, the chief operating officer now owns 126,201 shares in the company, valued at approximately $1,797,102.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,700 shares of company stock worth $109,050. 5.30% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of AVD. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Vanguard by 65.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,943 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 1,165 shares during the last quarter. Aperio Group LLC bought a new position in shares of American Vanguard during the 2nd quarter valued at approximately $116,000. Cubist Systematic Strategies LLC bought a new position in American Vanguard in the 2nd quarter worth approximately $150,000. JPMorgan Chase & Co. boosted its position in shares of American Vanguard by 16.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,913 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 1,529 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of American Vanguard during the 2nd quarter valued at approximately $180,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:AVD traded up $0.11 during midday trading on Friday, reaching $15.87. 84,875 shares of the company were exchanged, compared to its average volume of 96,554. American Vanguard has a fifty-two week low of $12.69 and a fifty-two week high of $21.19. The company has a quick ratio of 1.16, a current ratio of 2.65 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $14.74 and a two-hundred day simple moving average of $14.58. The firm has a market cap of $472.03 million, a PE ratio of 19.59 and a beta of 1.31.

The firm also recently announced a — dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a yield of 0.5%. American Vanguard’s dividend payout ratio is presently 9.88%.

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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