American Vanguard Corp. to Post FY2016 Earnings of $0.46 Per Share, SunTrust Banks Forecasts (AVD)
American Vanguard Corp. (NYSE:AVD) – Equities researchers at SunTrust Banks lowered their FY2016 earnings per share (EPS) estimates for American Vanguard Corp. in a research report issued on Sunday. SunTrust Banks analyst J. Sheehan now expects that the brokerage will post earnings per share of $0.46 for the year, down from their prior forecast of $0.52. SunTrust Banks has a “Buy” rating and a $18.00 price objective on the stock. SunTrust Banks also issued estimates for American Vanguard Corp.’s FY2017 earnings at $0.77 EPS.
American Vanguard Corp. (NYSE:AVD) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. The company earned $82.50 million during the quarter, compared to the consensus estimate of $79.39 million. American Vanguard Corp. had a return on equity of 4.36% and a net margin of 3.86%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS.
Separately, Zacks Investment Research downgraded American Vanguard Corp. from a “hold” rating to a “sell” rating in a report on Friday, November 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.13.
Shares of American Vanguard Corp. (NYSE:AVD) opened at 15.95 on Wednesday. The company has a 50 day moving average of $15.74 and a 200-day moving average of $15.47. American Vanguard Corp. has a 52 week low of $9.63 and a 52 week high of $17.92. The company has a market cap of $468.29 million, a price-to-earnings ratio of 38.90 and a beta of 1.24.
In other American Vanguard Corp. news, insider John Rizzi sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $17.34, for a total transaction of $86,700.00. Following the completion of the sale, the insider now owns 32,315 shares of the company’s stock, valued at $560,342.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott Hendrix sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $17.25, for a total value of $69,000.00. Following the sale, the vice president now directly owns 14,296 shares of the company’s stock, valued at approximately $246,606. The disclosure for this sale can be found here. 4.30% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of American Vanguard Corp. by 3.9% in the first quarter. Prudential Financial Inc. now owns 61,090 shares of the company’s stock worth $964,000 after buying an additional 2,300 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of American Vanguard Corp. during the first quarter worth about $1,507,000. Hartford Investment Management Co. bought a new stake in shares of American Vanguard Corp. during the second quarter worth about $157,000. New York State Teachers Retirement System boosted its stake in shares of American Vanguard Corp. by 21.9% in the second quarter. New York State Teachers Retirement System now owns 48,461 shares of the company’s stock worth $732,000 after buying an additional 8,700 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of American Vanguard Corp. during the second quarter worth about $8,137,000. 79.60% of the stock is owned by hedge funds and other institutional investors.
About American Vanguard Corp.
American Vanguard Corporation (AVD) 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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