American Vanguard Corporation (AVD) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS
American Vanguard Corporation (NYSE:AVD) posted its quarterly earnings data on Thursday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03), Briefing.com reports. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The company had revenue of $90.00 million for the quarter, compared to the consensus estimate of $89.17 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.06 annualized dividend and a dividend yield of Infinity. American Vanguard Corporation’s payout ratio is 12.00%.
Several research firms have recently issued reports on AVD. BidaskClub upgraded shares of American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Roth Capital set a $28.00 price objective on shares of American Vanguard Corporation and gave the stock a “buy” rating in a report on Sunday, October 1st. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday. Finally, Piper Jaffray Companies set a $22.00 price objective on shares of American Vanguard Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $25.00.
About American Vanguard Corporation
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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