Wall Street analysts predict that American Woodmark Co. (NASDAQ:AMWD) will post sales of $427.69 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for American Woodmark’s earnings, with the lowest sales estimate coming in at $422.00 million and the highest estimate coming in at $433.38 million. American Woodmark reported sales of $424.88 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The firm is scheduled to report its next earnings results on Thursday, December 5th.
According to Zacks, analysts expect that American Woodmark will report full-year sales of $1.70 billion for the current financial year, with estimates ranging from $1.68 billion to $1.72 billion. For the next year, analysts expect that the firm will post sales of $1.79 billion, with estimates ranging from $1.78 billion to $1.80 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover American Woodmark.
American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.20. American Woodmark had a return on equity of 19.20% and a net margin of 5.22%. The firm had revenue of $427.40 million during the quarter, compared to the consensus estimate of $433.15 million. During the same period in the previous year, the firm posted $2.04 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year.
Several research firms have commented on AMWD. Sidoti cut shares of American Woodmark from a “buy” rating to a “neutral” rating and set a $92.00 target price for the company. in a research note on Wednesday, September 11th. BidaskClub raised shares of American Woodmark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. ValuEngine cut shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $96.60.
In other news, Director Vance W. Tang sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $88.45, for a total transaction of $79,605.00. Following the completion of the sale, the director now directly owns 14,290 shares of the company’s stock, valued at approximately $1,263,950.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert J. Adams, Jr. sold 1,884 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $95.00, for a total transaction of $178,980.00. Following the sale, the senior vice president now directly owns 11,445 shares of the company’s stock, valued at $1,087,275. The disclosure for this sale can be found here. Insiders sold a total of 6,751 shares of company stock valued at $626,330 over the last ninety days. 1.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of American Woodmark by 312.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock valued at $28,000 after buying an additional 250 shares during the period. KBC Group NV purchased a new stake in shares of American Woodmark during the 2nd quarter valued at $58,000. Advisory Services Network LLC purchased a new stake in shares of American Woodmark during the 1st quarter valued at $70,000. Meeder Asset Management Inc. purchased a new stake in shares of American Woodmark during the 2nd quarter valued at $70,000. Finally, Bank of Montreal Can grew its stake in shares of American Woodmark by 11.0% during the 1st quarter. Bank of Montreal Can now owns 1,263 shares of the company’s stock valued at $104,000 after buying an additional 125 shares during the period. 90.88% of the stock is owned by institutional investors.
Shares of American Woodmark stock traded up $0.19 during trading on Friday, hitting $95.57. 9,557 shares of the company were exchanged, compared to its average volume of 173,615. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.39 and a beta of 2.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 1.11. American Woodmark has a fifty-two week low of $53.35 and a fifty-two week high of $96.00. The firm has a 50 day moving average price of $85.07 and a 200 day moving average price of $83.72.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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