Wall Street brokerages predict that American Vanguard Corp. (NYSE:AVD) will report earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American Vanguard’s earnings, with estimates ranging from $0.17 to $0.20. American Vanguard posted earnings per share of $0.16 in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.8%. The company is expected to report its next quarterly earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that American Vanguard will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.93. For the next financial year, analysts forecast that the firm will report earnings of $0.99 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for American Vanguard.
American Vanguard (NYSE:AVD) last issued its earnings results on Monday, March 11th. The basic materials company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $131.60 million. American Vanguard had a return on equity of 7.48% and a net margin of 5.33%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised American Vanguard from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 12th. ValuEngine downgraded American Vanguard from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th.
Shares of NYSE AVD traded down $0.33 during mid-day trading on Friday, hitting $17.52. 38,315 shares of the stock traded hands, compared to its average volume of 93,232. The company has a quick ratio of 1.03, a current ratio of 2.13 and a debt-to-equity ratio of 0.29. American Vanguard has a twelve month low of $13.98 and a twelve month high of $24.00. The company has a market cap of $520.17 million, a price-to-earnings ratio of 21.63 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Tuesday, March 26th. American Vanguard’s dividend payout ratio (DPR) is 9.88%.
In related news, insider John Rizzi sold 7,470 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $18.43, for a total transaction of $137,672.10. Following the sale, the insider now owns 43,072 shares of the company’s stock, valued at approximately $793,816.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. National Investment Services Inc. WI bought a new position in American Vanguard during the 1st quarter worth $565,000. Deutsche Bank AG raised its position in American Vanguard by 22.7% during the 4th quarter. Deutsche Bank AG now owns 83,238 shares of the basic materials company’s stock worth $1,262,000 after purchasing an additional 15,379 shares during the last quarter. Geode Capital Management LLC raised its position in American Vanguard by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 292,913 shares of the basic materials company’s stock worth $4,449,000 after purchasing an additional 30,060 shares during the last quarter. Dimensional Fund Advisors LP raised its position in American Vanguard by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,549,731 shares of the basic materials company’s stock worth $38,730,000 after purchasing an additional 25,250 shares during the last quarter. Finally, Millennium Management LLC bought a new position in American Vanguard during the 4th quarter worth $1,527,000. 77.39% of the stock is owned by institutional investors and hedge funds.
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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