American Vanguard Co. to Post Q3 2024 Earnings of ($0.10) Per Share, Roth Capital Forecasts (NYSE:AVD)

American Vanguard Co. (NYSE:AVD) – Equities researchers at Roth Capital lowered their Q3 2024 earnings estimates for American Vanguard in a research note issued to investors on Monday, August 12th. Roth Capital analyst S. Fortune now anticipates that the basic materials company will earn ($0.10) per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for American Vanguard’s current full-year earnings is $0.44 per share. Roth Capital also issued estimates for American Vanguard’s Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.02 EPS, Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.39 EPS.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut American Vanguard from a “hold” rating to a “sell” rating in a report on Tuesday. Lake Street Capital began coverage on American Vanguard in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.67.

American Vanguard Stock Performance

Shares of American Vanguard stock opened at $5.70 on Wednesday. The company has a market capitalization of $159.51 million, a PE ratio of 21.92 and a beta of 0.91. The stock’s fifty day simple moving average is $8.44 and its 200 day simple moving average is $10.08. American Vanguard has a 12 month low of $4.95 and a 12 month high of $15.70. The company has a current ratio of 2.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

American Vanguard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 26th were issued a $0.03 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $0.12 dividend on an annualized basis and a yield of 2.11%. American Vanguard’s dividend payout ratio (DPR) is 46.15%.

Institutional Trading of American Vanguard

Several large investors have recently modified their holdings of the company. CWM LLC raised its position in shares of American Vanguard by 492.4% during the 4th quarter. CWM LLC now owns 2,340 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,945 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of American Vanguard during the 4th quarter valued at approximately $37,000. Nisa Investment Advisors LLC lifted its position in American Vanguard by 7,554.5% in the second quarter. Nisa Investment Advisors LLC now owns 4,210 shares of the basic materials company’s stock valued at $36,000 after buying an additional 4,155 shares during the last quarter. Point72 DIFC Ltd boosted its position in shares of American Vanguard by 195.7% during the second quarter. Point72 DIFC Ltd now owns 5,080 shares of the basic materials company’s stock worth $44,000 after buying an additional 3,362 shares during the period. Finally, Bfsg LLC acquired a new position in shares of American Vanguard in the fourth quarter worth $98,000. Institutional investors own 79.04% of the company’s stock.

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. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.