$112.80 Million in Sales Expected for American Vanguard Corp. (AVD) This Quarter

Equities analysts expect American Vanguard Corp. (NYSE:AVD) to report sales of $112.80 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Vanguard’s earnings, with the highest sales estimate coming in at $119.10 million and the lowest estimate coming in at $106.50 million. American Vanguard reported sales of $87.50 million in the same quarter last year, which would suggest a positive year over year growth rate of 28.9%. The company is expected to report its next earnings report on Monday, March 5th.

On average, analysts expect that American Vanguard will report full-year sales of $112.80 million for the current year, with estimates ranging from $331.90 million to $357.70 million. For the next fiscal year, analysts expect that the firm will report sales of $460.70 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow American Vanguard.

Several brokerages have recently weighed in on AVD. Zacks Investment Research raised shares of American Vanguard from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies reissued a “hold” rating and issued a $23.00 price objective on shares of American Vanguard in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.33.

In related news, insider Timothy Donnelly sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $19.36, for a total transaction of $77,440.00. Following the transaction, the insider now directly owns 37,564 shares of the company’s stock, valued at $727,239.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David` T. Johnson sold 6,611 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $18.87, for a total transaction of $124,749.57. Following the transaction, the insider now directly owns 28,429 shares in the company, valued at $536,455.23. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new position in American Vanguard during the third quarter worth about $141,000. Victory Capital Management Inc. bought a new position in American Vanguard during the third quarter worth about $153,000. Campbell & CO Investment Adviser LLC bought a new position in American Vanguard during the third quarter worth about $221,000. Citadel Advisors LLC bought a new position in American Vanguard during the third quarter worth about $227,000. Finally, IFC Holdings Incorporated FL bought a new position in American Vanguard during the third quarter worth about $222,000. 76.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Vanguard (NYSE AVD) traded down $0.10 on Monday, hitting $19.90. 58,148 shares of the stock traded hands, compared to its average volume of 101,916. The company has a market capitalization of $595.89, a price-to-earnings ratio of 36.85, a PEG ratio of 1.56 and a beta of 1.21. American Vanguard has a 52 week low of $14.65 and a 52 week high of $24.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.37 and a quick ratio of 1.20.

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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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