American Woodmark (AMWD) Projected to Post Quarterly Earnings on Thursday

American Woodmark (NASDAQ:AMWD) is anticipated to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $409.27 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Thursday, February 27th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27). American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The business had revenue of $397.58 million for the quarter, compared to the consensus estimate of $405.72 million.

American Woodmark Trading Down 2.3 %

AMWD opened at $60.67 on Tuesday. The firm has a market capitalization of $913.33 million, a price-to-earnings ratio of 9.07 and a beta of 1.61. American Woodmark has a fifty-two week low of $60.44 and a fifty-two week high of $106.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The company’s 50 day moving average price is $76.91 and its two-hundred day moving average price is $86.52.

Insider Activity at American Woodmark

In related news, Director James G. Davis sold 1,679 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total transaction of $141,590.07. Following the transaction, the director now owns 28,644 shares in the company, valued at $2,415,548.52. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 5,750 shares of company stock worth $474,548 in the last quarter. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMWD. StockNews.com downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Monday. Wolfe Research downgraded shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Loop Capital dropped their price target on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $114.00.

About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.