American Woodmark (NASDAQ:AMWD – Get Rating) released its quarterly earnings results on Thursday. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.35 by $0.86, Briefing.com reports. American Woodmark had a net margin of 3.74% and a return on equity of 13.95%. The firm had revenue of $481.10 million for the quarter, compared to analyst estimates of $478.11 million. During the same quarter in the previous year, the company earned $1.38 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year.
American Woodmark Stock Up 8.7 %
Shares of American Woodmark stock opened at $58.67 on Friday. American Woodmark has a twelve month low of $40.70 and a twelve month high of $63.02. The company has a current ratio of 2.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The stock has a market cap of $976.27 million, a price-to-earnings ratio of 12.51 and a beta of 1.81. The company has a fifty day moving average price of $51.10 and a 200 day moving average price of $52.92.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. StockNews.com upgraded shares of American Woodmark from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird upped their target price on shares of American Woodmark from $60.00 to $65.00 in a report on Friday.
Institutional Investors Weigh In On American Woodmark
About American Woodmark
American Woodmark Corp. engages in the manufacture and distribution of kitchen cabinets and vanities for the remodeling and new home construction markets. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.
- Get a free copy of the StockNews.com research report on American Woodmark (AMWD)
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