Analysts Anticipate American Vanguard Corp. (AVD) Will Announce Quarterly Sales of $112.80 Million

Wall Street analysts expect that American Vanguard Corp. (NYSE:AVD) will report sales of $112.80 million for the current 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 in the same quarter last year, which would indicate a positive year over year growth rate of 28.9%. The company is expected to announce its next quarterly earnings report on Monday, March 5th.

On average, analysts expect that American Vanguard will report full year sales of $112.80 million for the current fiscal year, with estimates ranging from $331.90 million to $357.70 million. For the next year, analysts anticipate that the company will post sales of $460.70 million per share. Zacks’ sales averages are an average based on a survey of research firms that cover American Vanguard.

AVD has been the topic of several recent research reports. Zacks Investment Research raised shares of American Vanguard from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $23.00 target price on shares of American Vanguard in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. American Vanguard currently has an average rating of “Hold” and a consensus price target of $25.33.

In related news, insider Timothy Donnelly sold 4,000 shares of American Vanguard stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $19.36, for a total value of $77,440.00. Following the transaction, the insider now directly owns 37,564 shares of the company’s stock, valued at $727,239.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David` T. Johnson sold 6,611 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $18.87, for a total transaction of $124,749.57. Following the completion of the sale, the insider now owns 28,429 shares in the company, valued at approximately $536,455.23. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.

Institutional investors have recently modified their holdings of the business. 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 American Vanguard in the third quarter valued at approximately $221,000. IFC Holdings Incorporated FL acquired a new stake in American Vanguard in the third quarter valued at approximately $222,000. Finally, Citadel Advisors LLC acquired a new stake in American Vanguard in the third quarter valued at approximately $227,000. Hedge funds and other institutional investors own 76.50% of the company’s stock.

American Vanguard (AVD) opened at $19.71 on Monday. American Vanguard has a fifty-two week low of $14.65 and a fifty-two week high of $24.00. The company has a market cap of $587.25, a P/E ratio of 36.50, a PEG ratio of 1.53 and a beta of 1.21. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

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American Vanguard Company Profile

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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