Analysts expect American Vanguard Corp. (NYSE:AVD) to post sales of $117.80 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Vanguard’s earnings. The lowest sales estimate is $114.00 million and the highest is $121.60 million. American Vanguard reported sales of $89.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 30.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that American Vanguard will report full year sales of $459.95 million for the current year, with estimates ranging from $456.40 million to $463.50 million. For the next financial year, analysts forecast that the firm will report sales of $506.10 million, with estimates ranging from $474.60 million to $537.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover American Vanguard.
American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Monday, August 6th. The basic materials company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $107.04 million for the quarter, compared to the consensus estimate of $111.90 million. American Vanguard had a return on equity of 6.29% and a net margin of 5.45%. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS.
In other news, CFO David` T. Johnson sold 9,940 shares of American Vanguard stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $20.91, for a total transaction of $207,845.40. Following the transaction, the chief financial officer now owns 36,095 shares in the company, valued at $754,746.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in American Vanguard by 5.3% in the second quarter. BlackRock Inc. now owns 3,922,354 shares of the basic materials company’s stock valued at $90,018,000 after purchasing an additional 197,243 shares in the last quarter. Royce & Associates LP grew its stake in American Vanguard by 73.6% in the second quarter. Royce & Associates LP now owns 125,000 shares of the basic materials company’s stock valued at $2,869,000 after purchasing an additional 53,000 shares in the last quarter. Bank of Montreal Can grew its stake in American Vanguard by 6.5% in the third quarter. Bank of Montreal Can now owns 595,922 shares of the basic materials company’s stock valued at $10,728,000 after purchasing an additional 36,469 shares in the last quarter. Algert Global LLC purchased a new position in American Vanguard in the second quarter valued at about $776,000. Finally, Schwab Charles Investment Management Inc. grew its stake in American Vanguard by 20.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 134,226 shares of the basic materials company’s stock valued at $2,712,000 after purchasing an additional 22,661 shares in the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.
Shares of American Vanguard stock traded down $0.06 on Wednesday, reaching $16.92. 64,652 shares of the company were exchanged, compared to its average volume of 99,564. The firm has a market capitalization of $545.84 million, a PE ratio of 29.68 and a beta of 1.05. The company has a quick ratio of 0.89, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. American Vanguard has a fifty-two week low of $16.72 and a fifty-two week high of $24.00.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, October 3rd will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, October 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.47%. American Vanguard’s dividend payout ratio is 14.04%.
American Vanguard Company Profile
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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