Analysts expect American Vanguard Corp. (NYSE:AVD) to post sales of $112.80 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Vanguard’s earnings, with the lowest sales estimate coming in at $106.50 million and the highest estimate coming in at $119.10 million. American Vanguard posted sales of $87.50 million during the same quarter last year, which suggests a positive year over year growth rate of 28.9%. The business is expected to report its next earnings report on Monday, March 5th.
According to Zacks, analysts expect that American Vanguard will report full year sales of $112.80 million for the current year, with estimates ranging from $331.90 million to $357.70 million. For the next fiscal year, analysts forecast that the business will report sales of $460.70 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow American Vanguard.
American Vanguard (NYSE:AVD) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The company had revenue of $90.00 million during the quarter, compared to analyst estimates of $89.17 million. American Vanguard had a net margin of 4.83% and a return on equity of 5.44%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS.
In other news, insider David` T. Johnson sold 6,611 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $18.87, for a total transaction of $124,749.57. Following the sale, the insider now directly owns 28,429 shares in the company, valued at $536,455.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Timothy Donnelly sold 4,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $19.36, for a total value of $77,440.00. Following the sale, the insider now owns 37,564 shares in the company, valued at $727,239.04. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in American Vanguard by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock valued at $43,214,000 after acquiring an additional 74,966 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Vanguard by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,481,563 shares of the basic materials company’s stock valued at $56,828,000 after acquiring an additional 28,327 shares during the last quarter. Heartland Advisors Inc. boosted its holdings in American Vanguard by 32.6% in the second quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock valued at $15,033,000 after acquiring an additional 214,141 shares during the last quarter. Walthausen & Co. LLC boosted its holdings in American Vanguard by 57.7% in the second quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after acquiring an additional 256,637 shares during the last quarter. Finally, State Street Corp boosted its holdings in American Vanguard by 4.2% in the second quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock valued at $11,442,000 after acquiring an additional 26,587 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.
American Vanguard (AVD) traded up $0.20 during mid-day trading on Friday, reaching $19.60. The company had a trading volume of 77,097 shares, compared to its average volume of 97,393. The firm has a market capitalization of $583.97, a P/E ratio of 36.98, a PEG ratio of 2.20 and a beta of 1.23. American Vanguard has a fifty-two week low of $14.65 and a fifty-two week high of $24.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 2.37.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, December 26th. American Vanguard’s payout ratio is 11.32%.
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About American Vanguard
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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