American Vanguard Corporation (AVD) Issues Earnings Results, Misses Estimates By $0.03 EPS
American Vanguard Corporation (NYSE:AVD) issued its quarterly earnings data on Thursday. The basic materials company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03), Briefing.com reports. The company had revenue of $90.00 million for the quarter, compared to the consensus estimate of $89.17 million. American Vanguard Corporation had a net margin of 4.83% and a return on equity of 5.48%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS.
American Vanguard Corporation (NYSE:AVD) traded down $1.35 on Friday, reaching $20.95. 241,695 shares of the company’s stock traded hands, compared to its average volume of 85,879. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.18 and a quick ratio of 0.89. The firm has a market capitalization of $668.89 million, a P/E ratio of 41.57, a P/E/G ratio of 2.39 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were given a $0.015 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.06 annualized dividend and a yield of 0.29%. American Vanguard Corporation’s payout ratio is presently 11.11%.
A number of brokerages recently weighed in on AVD. Zacks Investment Research downgraded shares of American Vanguard Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Roth Capital set a $28.00 price target on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Sunday, October 1st. Piper Jaffray Companies set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub upgraded shares of American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. American Vanguard Corporation has a consensus rating of “Buy” and a consensus price target of $25.33.
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American Vanguard Corporation 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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