Zacks: Analysts Anticipate American Vanguard Corporation (AVD) to Announce $0.18 Earnings Per Share

Brokerages expect American Vanguard Corporation (NYSE:AVD) to report earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for American Vanguard Corporation’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.20. American Vanguard Corporation posted earnings of $0.13 per share in the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The firm is expected to issue its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that American Vanguard Corporation will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.60. For the next year, analysts expect that the company will report earnings of $0.81 per share, with EPS estimates ranging from $0.75 to $0.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover American Vanguard Corporation.

American Vanguard Corporation (NYSE:AVD) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The business had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $89.17 million. American Vanguard Corporation had a net margin of 4.83% and a return on equity of 5.44%. American Vanguard Corporation’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS.

AVD has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of American Vanguard Corporation from a “buy” rating to a “sell” rating in a research note on Monday, November 6th. Roth Capital set a $28.00 price target on shares of American Vanguard Corporation and gave the company a “buy” rating in a research note on Sunday, October 1st. BidaskClub downgraded shares of American Vanguard Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $23.00 price target on shares of American Vanguard Corporation in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.33.

American Vanguard Corporation (NYSE AVD) traded up $0.25 during trading on Wednesday, reaching $19.00. 137,400 shares of the company were exchanged, compared to its average volume of 99,235. The stock has a market capitalization of $558.65, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.30. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. American Vanguard Corporation has a 52 week low of $14.65 and a 52 week high of $24.00.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 5th were paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, October 4th. American Vanguard Corporation’s payout ratio is 11.11%.

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Several institutional investors and hedge funds have recently made changes to their positions in AVD. Macquarie Group Ltd. purchased a new stake in shares of American Vanguard Corporation in the third quarter valued at $141,000. Acrospire Investment Management LLC raised its stake in shares of American Vanguard Corporation by 83.7% in the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 3,956 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of American Vanguard Corporation in the third quarter valued at $153,000. BNP Paribas Arbitrage SA raised its stake in shares of American Vanguard Corporation by 54.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 3,162 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of American Vanguard Corporation by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 200 shares during the period. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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

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