Zacks: Analysts Expect American Vanguard Corp. (AVD) to Announce $0.21 EPS
Wall Street analysts predict that American Vanguard Corp. (NYSE:AVD) will announce earnings of $0.21 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Vanguard’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.27. American Vanguard reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 61.5%. The business is expected to issue its next earnings report on Monday, March 5th.
According to Zacks, analysts expect that American Vanguard will report full year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.67. For the next fiscal year, analysts anticipate that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.83 to $0.89. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover American Vanguard.
Several research analysts recently weighed in on AVD shares. Zacks Investment Research downgraded American Vanguard from a “buy” rating to a “sell” rating in a research note on Monday, November 6th. Piper Jaffray Companies restated a “hold” rating and set a $23.00 target price on shares of American Vanguard in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.
In other American Vanguard news, insider Timothy Donnelly sold 4,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $19.36, for a total transaction of $77,440.00. Following the sale, the insider now owns 37,564 shares in the company, valued at approximately $727,239.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David` T. Johnson sold 6,611 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $18.87, for a total value of $124,749.57. Following 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. 4.70% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of AVD. Schwab Charles Investment Management Inc. grew its stake in American Vanguard by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,878 shares of the basic materials company’s stock valued at $1,775,000 after purchasing an additional 646 shares during the last quarter. Wells Fargo & Company MN grew its stake in American Vanguard by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock valued at $345,000 after purchasing an additional 294 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in American Vanguard during the 2nd quarter valued at about $297,000. Teachers Advisors LLC grew its stake in American Vanguard by 2.6% during the 2nd quarter. Teachers Advisors LLC now owns 51,524 shares of the basic materials company’s stock valued at $889,000 after purchasing an additional 1,311 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in American Vanguard by 25.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 112,531 shares of the basic materials company’s stock valued at $1,941,000 after purchasing an additional 23,003 shares during the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.
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About American Vanguard
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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