American Woodmark (NASDAQ:AMWD) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

American Woodmark (NASDAQ:AMWD) released its earnings results on Thursday. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.16, Briefing.com reports. The company had revenue of $400.39 million during the quarter, compared to analyst estimates of $427.39 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share.

American Woodmark Price Performance

Shares of NASDAQ AMWD opened at $56.21 on Friday. The stock has a fifty day simple moving average of $58.13 and a two-hundred day simple moving average of $71.38. American Woodmark has a 1-year low of $52.20 and a 1-year high of $106.57. The firm has a market cap of $833.88 million, a price-to-earnings ratio of 8.40 and a beta of 1.34. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMWD. Loop Capital reduced their target price on American Woodmark from $75.00 to $72.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird reduced their target price on American Woodmark from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday. Zelman & Associates reissued an “underperform” rating on shares of American Woodmark in a report on Monday, April 14th. Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Finally, Wall Street Zen lowered American Woodmark from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.33.

Hedge Funds Weigh In On American Woodmark

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its holdings in American Woodmark by 277.0% during the first quarter. Millennium Management LLC now owns 200,657 shares of the company’s stock valued at $11,805,000 after purchasing an additional 147,427 shares during the period. Jane Street Group LLC grew its holdings in American Woodmark by 132.6% during the first quarter. Jane Street Group LLC now owns 50,827 shares of the company’s stock valued at $2,990,000 after purchasing an additional 28,975 shares during the period. AQR Capital Management LLC grew its holdings in American Woodmark by 32.7% during the first quarter. AQR Capital Management LLC now owns 40,996 shares of the company’s stock valued at $2,412,000 after purchasing an additional 10,098 shares during the period. Finally, Intech Investment Management LLC grew its holdings in American Woodmark by 81.5% during the first quarter. Intech Investment Management LLC now owns 24,800 shares of the company’s stock valued at $1,459,000 after purchasing an additional 11,136 shares during the period. 95.47% of the stock is owned by institutional investors.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.