American Woodmark Corporation (AMWD) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about American Woodmark Corporation (NASDAQ:AMWD) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. American Woodmark Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.8064192113061 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of American Woodmark Corporation (NASDAQ:AMWD) traded down $0.70 during mid-day trading on Friday, reaching $89.00. The company’s stock had a trading volume of 85,704 shares, compared to its average volume of 101,188. The company has a quick ratio of 3.00, a current ratio of 3.45 and a debt-to-equity ratio of 0.04. American Woodmark Corporation has a 12-month low of $69.65 and a 12-month high of $107.30. The company has a market capitalization of $1,475.49, a P/E ratio of 20.87 and a beta of 1.55.
American Woodmark Corporation (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). American Woodmark Corporation had a net margin of 6.85% and a return on equity of 20.89%. The company had revenue of $276.83 million during the quarter, compared to the consensus estimate of $278.80 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities analysts forecast that American Woodmark Corporation will post 4.92 EPS for the current year.
AMWD has been the subject of several recent research reports. Zacks Investment Research upgraded American Woodmark Corporation from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, September 19th. BidaskClub downgraded American Woodmark Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Zelman & Associates downgraded American Woodmark Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
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In related news, insider Steven Cary Dunston sold 500 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $80.55, for a total transaction of $40,275.00. Following the completion of the transaction, the insider now owns 49,109 shares in the company, valued at $3,955,729.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel T. Hendrix sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $80.63, for a total value of $241,890.00. Following the transaction, the director now owns 7,155 shares of the company’s stock, valued at approximately $576,907.65. The disclosure for this sale can be found here. Insiders sold 52,157 shares of company stock valued at $4,838,665 in the last quarter. Corporate insiders own 1.10% of the company’s stock.
About American Woodmark Corporation
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
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