American Woodmark Corporation (AMWD) Scheduled to Post Earnings on Tuesday
American Woodmark Corporation (NASDAQ:AMWD) is scheduled to be releasing its earnings data before the market opens on Tuesday, August 22nd. Analysts expect American Woodmark Corporation to post earnings of $1.39 per share for the quarter.
American Woodmark Corporation (NASDAQ:AMWD) last announced its earnings results on Tuesday, May 30th. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.12. The firm had revenue of $258.70 million during the quarter, compared to analysts’ expectations of $264.30 million. American Woodmark Corporation had a return on equity of 22.19% and a net margin of 6.91%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. On average, analysts expect American Woodmark Corporation to post $4.99 EPS for the current fiscal year and $5.57 EPS for the next fiscal year.
American Woodmark Corporation (NASDAQ AMWD) opened at 93.35 on Friday. The stock has a 50 day moving average price of $96.73 and a 200-day moving average price of $90.24. The stock has a market cap of $1.52 billion, a PE ratio of 21.51 and a beta of 1.41. American Woodmark Corporation has a one year low of $69.65 and a one year high of $107.30.
Several research firms recently commented on AMWD. Zelman & Associates cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub cut American Woodmark Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th.
In related news, Chairman Kent Guichard sold 9,900 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $94.25, for a total value of $933,075.00. Following the completion of the transaction, the chairman now directly owns 41,654 shares in the company, valued at $3,925,889.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Scott Culbreth sold 4,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $95.20, for a total value of $380,800.00. Following the completion of the transaction, the chief financial officer now owns 11,688 shares of the company’s stock, valued at $1,112,697.60. The disclosure for this sale can be found here. Insiders sold 63,959 shares of company stock valued at $6,113,542 over the last quarter. 1.10% of the stock is currently owned by company insiders.
American Woodmark Corporation Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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