American Vanguard Corporation (AVD) to Post FY2017 Earnings of $0.60 Per Share, SunTrust Banks Forecasts
American Vanguard Corporation (NYSE:AVD) – SunTrust Banks lowered their FY2017 earnings per share estimates for American Vanguard Corporation in a research note issued on Monday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $0.60 per share for the year, down from their previous estimate of $0.64. SunTrust Banks also issued estimates for American Vanguard Corporation’s FY2019 earnings at $1.00 EPS.
American Vanguard Corporation (NYSE:AVD) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). American Vanguard Corporation had a return on equity of 5.44% and a net margin of 4.83%. The company had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $89.17 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/american-vanguard-corporation-avd-to-post-fy2017-earnings-of-0-60-per-share-suntrust-banks-forecasts/1690006.html.
AVD has been the topic of a number of other research reports. Piper Jaffray Companies reissued a “hold” rating and set a $23.00 price target on shares of American Vanguard Corporation in a report on Friday, November 3rd. Zacks Investment Research lowered American Vanguard Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Roth Capital set a $28.00 price target on American Vanguard Corporation and gave the stock a “buy” rating in a report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.33.
American Vanguard Corporation (AVD) opened at $19.15 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. American Vanguard Corporation has a twelve month low of $14.65 and a twelve month high of $24.00. The stock has a market capitalization of $597.38, a PE ratio of 37.13, a P/E/G ratio of 2.25 and a beta of 1.30.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Wednesday, October 4th. American Vanguard Corporation’s dividend payout ratio is presently 11.11%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in American Vanguard Corporation by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,370,250 shares of the basic materials company’s stock valued at $39,345,000 after purchasing an additional 84,367 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Vanguard Corporation by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 191,395 shares of the basic materials company’s stock valued at $3,177,000 after purchasing an additional 6,779 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in American Vanguard Corporation in the 1st quarter valued at approximately $292,000. Prudential Financial Inc. boosted its holdings in American Vanguard Corporation by 0.3% in the 1st quarter. Prudential Financial Inc. now owns 43,710 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 150 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its holdings in American Vanguard Corporation by 32.6% in the 2nd quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock valued at $15,033,000 after purchasing an additional 214,141 shares in the last quarter. 76.63% of the stock is currently owned by institutional investors.
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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