American Vanguard Corp. Forecasted to Earn FY2018 Earnings of $0.80 Per Share (AVD)
American Vanguard Corp. (NYSE:AVD) – Equities research analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for American Vanguard Corp. in a research note issued to investors on Sunday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will post earnings of $0.80 per share for the year, up from their previous forecast of $0.75.
American Vanguard Corp. (NYSE:AVD) last announced its quarterly earnings results on Thursday, May 4th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. American Vanguard Corp. had a net margin of 3.86% and a return on equity of 4.36%. The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $74.92 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/05/10/american-vanguard-corp-forecasted-to-earn-fy2018-earnings-of-0-80-per-share-avd.html.
AVD has been the topic of several other research reports. Roth Capital raised shares of American Vanguard Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 23rd. Feltl & Co. reaffirmed a “strong-buy” rating on shares of American Vanguard Corp. in a research note on Wednesday, March 8th. Zacks Investment Research raised shares of American Vanguard Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Finally, TheStreet raised shares of American Vanguard Corp. from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.50.
Shares of American Vanguard Corp. (NYSE:AVD) remained flat at $17.45 during mid-day trading on Wednesday. 22,810 shares of the stock traded hands. The company has a 50-day moving average of $16.53 and a 200 day moving average of $16.92. American Vanguard Corp. has a one year low of $12.60 and a one year high of $20.00. The company has a market capitalization of $519.71 million, a PE ratio of 37.93 and a beta of 1.27.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC boosted its position in shares of American Vanguard Corp. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock valued at $100,000 after buying an additional 395 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of American Vanguard Corp. by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock valued at $174,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of American Vanguard Corp. by 44.9% in the third quarter. Wells Fargo & Company MN now owns 10,915 shares of the basic materials company’s stock valued at $175,000 after buying an additional 3,381 shares during the last quarter. Hancock Holding Co. purchased a new position in shares of American Vanguard Corp. during the first quarter valued at approximately $186,000. Finally, Oxford Asset Management purchased a new position in shares of American Vanguard Corp. during the first quarter valued at approximately $192,000. Institutional investors own 78.59% of the company’s stock.
In other news, COO Ulrich Trogele bought 7,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was bought at an average cost of $15.20 per share, for a total transaction of $106,400.00. Following the completion of the acquisition, the chief operating officer now directly owns 93,356 shares in the company, valued at approximately $1,419,011.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Johann Venter sold 8,075 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $15.27, for a total transaction of $123,305.25. Following the completion of the transaction, the insider now owns 27,326 shares of the company’s stock, valued at $417,268.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,075 shares of company stock valued at $1,154,705. Corporate insiders own 4.30% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.34%. This is a boost from American Vanguard Corp.’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 29th. American Vanguard Corp.’s dividend payout ratio (DPR) is presently 9.76%.
About American Vanguard Corp.
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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