Brokerages forecast that American Vanguard Corp. (NYSE:AVD) will post $0.21 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for American Vanguard’s earnings, with estimates ranging from $0.17 to $0.27. American Vanguard reported earnings per share of $0.13 during the same quarter last year, which indicates a positive year-over-year growth rate of 61.5%. The company is scheduled to report its next quarterly earnings results on Monday, March 5th.
On average, analysts expect that American Vanguard will report full year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.58 to $0.67. For the next fiscal year, analysts forecast that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.83 to $0.89. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for American Vanguard.
A number of research firms have recently issued reports on AVD. Zacks Investment Research upgraded shares of American Vanguard from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $23.00 price objective on shares of American Vanguard in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. American Vanguard currently has a consensus rating of “Hold” and an average price target of $25.33.
A number of institutional investors and hedge funds have recently made changes to their positions in AVD. Macquarie Group Ltd. acquired a new stake in American Vanguard in the third quarter valued at approximately $141,000. Victory Capital Management Inc. acquired a new stake in American Vanguard in the third quarter valued at approximately $153,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of American Vanguard during the third quarter worth $221,000. IFC Holdings Incorporated FL acquired a new stake in shares of American Vanguard during the third quarter worth $222,000. Finally, Citadel Advisors LLC acquired a new stake in shares of American Vanguard during the third quarter worth $227,000. Institutional investors own 76.25% of the company’s stock.
American Vanguard (NYSE:AVD) traded up $0.37 during midday trading on Friday, hitting $19.71. 77,236 shares of the stock were exchanged, compared to its average volume of 109,734. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. American Vanguard has a 1 year low of $14.65 and a 1 year high of $24.00. The company has a market capitalization of $576.23, a P/E ratio of 36.50, a PEG ratio of 1.51 and a beta of 1.21.
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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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