Analysts Anticipate American Vanguard Corp. (AVD) Will Announce Quarterly Sales of $112.80 Million

Equities analysts expect American Vanguard Corp. (NYSE:AVD) to announce sales of $112.80 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American Vanguard’s earnings. The highest sales estimate is $119.10 million and the lowest is $106.50 million. American Vanguard reported sales of $87.50 million during the same quarter last year, which indicates a positive year over year growth rate of 28.9%. The company is scheduled to announce its next quarterly earnings results on Monday, March 5th.

According to Zacks, analysts expect that American Vanguard will report full year sales of $112.80 million for the current fiscal year, with estimates ranging from $331.90 million to $357.70 million. For the next financial year, analysts forecast that the business will post sales of $460.70 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow American Vanguard.

American Vanguard (NYSE:AVD) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). American Vanguard had a return on equity of 5.44% and a net margin of 4.83%. The company had revenue of $90.00 million during the quarter, compared to analyst estimates of $89.17 million. During the same period in the prior year, the firm earned $0.10 EPS. American Vanguard’s quarterly revenue was up 9.2% on a year-over-year basis.

Several equities analysts have commented on the company. Zacks Investment Research raised American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $23.00 price objective on shares of American Vanguard in a research note on Friday, November 3rd. Finally, Roth Capital set a $28.00 price objective on American Vanguard and gave the company a “buy” rating in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.33.

Shares of American Vanguard (NYSE AVD) traded down $0.10 during trading hours on Tuesday, hitting $20.75. The company’s stock had a trading volume of 80,000 shares, compared to its average volume of 131,480. American Vanguard has a 12 month low of $14.65 and a 12 month high of $24.00. The firm has a market capitalization of $618.24, a PE ratio of 39.15, a P/E/G ratio of 1.65 and a beta of 1.23. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.19.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.29%. American Vanguard’s dividend payout ratio (DPR) is presently 11.32%.

In other American Vanguard news, insider David` T. Johnson sold 6,611 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $18.87, for a total value of $124,749.57. Following the transaction, the insider now directly owns 28,429 shares in the company, valued at approximately $536,455.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy Donnelly sold 4,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $19.36, for a total value of $77,440.00. Following the completion of the transaction, the insider now owns 37,564 shares in the company, valued at $727,239.04. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP bought a new position in American Vanguard in the 3rd quarter valued at $474,000. State Street Corp lifted its stake in shares of American Vanguard by 4.2% in the 2nd quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock valued at $11,442,000 after purchasing an additional 26,587 shares during the period. Northern Trust Corp lifted its stake in shares of American Vanguard by 6.8% in the 2nd quarter. Northern Trust Corp now owns 350,745 shares of the basic materials company’s stock valued at $6,051,000 after purchasing an additional 22,462 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of American Vanguard by 21.9% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,175 shares of the basic materials company’s stock valued at $1,103,000 after purchasing an additional 8,660 shares during the period. Finally, Alliancebernstein L.P. acquired a new position in shares of American Vanguard in the 2nd quarter valued at $297,000. Hedge funds and other institutional investors own 76.61% of the company’s stock.

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American Vanguard Company Profile

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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