American Woodmark Corp. Shares Down 12.1% Following Weak Earnings (AMWD)
American Woodmark Corp. (NASDAQ:AMWD)’s share price traded down 12.1% during trading on Tuesday after the company announced weaker than expected quarterly earnings, American Banking News.com reports. The stock traded as low as $31.11 and last traded at $31.96, with a volume of 714,867 shares traded. The stock had previously closed at $36.36.
The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.11. The company had revenue of $169.03 million for the quarter, compared to the consensus estimate of $171.22 million.
The stock’s 50-day moving average is $36.41 and its 200-day moving average is $35.17. The company has a market cap of $492.7 million and a P/E ratio of 28.86.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.