American Woodmark (NASDAQ:AMWD) Releases Earnings Results, Misses Expectations By $0.27 EPS

American Woodmark (NASDAQ:AMWD) posted its quarterly earnings results on Thursday. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27), Zacks reports. The company had revenue of $397.58 million during the quarter, compared to the consensus estimate of $405.72 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%.

American Woodmark Trading Up 0.3 %

Shares of AMWD stock opened at $62.08 on Friday. The company’s fifty day simple moving average is $77.31 and its two-hundred day simple moving average is $86.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. American Woodmark has a 1 year low of $60.64 and a 1 year high of $106.57. The stock has a market capitalization of $934.55 million, a price-to-earnings ratio of 9.28 and a beta of 1.61.

Insider Buying and Selling at American Woodmark

In other American Woodmark news, Director James G. Davis sold 1,250 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the sale, the director now owns 24,573 shares of the company’s stock, valued at $1,985,252.67. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the sale, the chief executive officer now directly owns 106,432 shares in the company, valued at $9,589,523.20. The trade was a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock valued at $789,898 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMWD. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Loop Capital lowered their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, American Woodmark presently has an average rating of “Hold” and a consensus price target of $114.00.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.