Somewhat Positive Media Coverage Somewhat Unlikely to Affect American Vanguard Corporation (AVD) Stock Price
News articles about American Vanguard Corporation (NYSE:AVD) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. American Vanguard Corporation earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.8751440903544 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- $88.20 Million in Sales Expected for American Vanguard Corporation (AVD) This Quarter (americanbankingnews.com)
- Analysts Expect American Vanguard Corporation (AVD) Will Post Earnings of $0.17 Per Share (americanbankingnews.com)
- Reviewing American Vanguard Corporation (AVD) & Its Rivals (americanbankingnews.com)
- Piper Jaffray Companies Reiterates “Hold” Rating for American Vanguard Corporation (AVD) (americanbankingnews.com)
Shares of American Vanguard Corporation (NYSE:AVD) traded up 0.86% during mid-day trading on Thursday, hitting $23.35. The stock had a trading volume of 30,464 shares. The firm has a 50 day moving average price of $21.38 and a 200-day moving average price of $18.68. American Vanguard Corporation has a 12 month low of $14.20 and a 12 month high of $23.95. The stock has a market cap of $695.43 million, a P/E ratio of 47.65 and a beta of 1.26.
American Vanguard Corporation (NYSE:AVD) last released its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. On average, equities research analysts forecast that American Vanguard Corporation will post $0.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.015 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.06 annualized dividend and a dividend yield of 0.26%. American Vanguard Corporation’s dividend payout ratio (DPR) is currently 12.00%.
A number of analysts have recently commented on the company. Zacks Investment Research raised American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, July 7th. Piper Jaffray Companies set a $22.00 price target on American Vanguard Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. BidaskClub raised American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Roth Capital set a $28.00 price target on American Vanguard Corporation and gave the company a “buy” rating in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. American Vanguard Corporation has an average rating of “Hold” and an average target price of $24.33.
In other news, insider David` T. Johnson sold 6,000 shares of American Vanguard Corporation stock in a transaction on Monday, July 17th. The shares were sold at an average price of $19.00, for a total transaction of $114,000.00. Following the completion of the sale, the insider now directly owns 35,040 shares of the company’s stock, valued at approximately $665,760. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by insiders.
About American Vanguard Corporation
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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