American Vanguard Corp. (NYSE:AVD) Expected to Post Earnings of $0.16 Per Share – Slater Sentinel

Analysts forecast that American Vanguard Corp. (NYSE:AVD) will announce earnings per share of $0.16 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Vanguards earnings. The highest EPS estimate is $0.20 and the lowest is $0.11. American Vanguard posted earnings of $0.25 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 36%. The firm is expected to report its next quarterly earnings report on Monday, March 9th.

On average, analysts expect that American Vanguard will report full year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.54. For the next fiscal year, analysts anticipate that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.69 to $0.79. Zacks Investment Researchs earnings per share calculations are a mean average based on a survey of sell-side analysts that cover American Vanguard.

American Vanguard (NYSE:AVD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks consensus estimate of $0.10 by $0.01. The firm had revenue of $124.88 million for the quarter, compared to analysts expectations of $123.13 million. American Vanguard had a net margin of 3.75% and a return on equity of 5.28%. American Vanguards revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share.

AVD stock traded up $0.03 during trading on Thursday, hitting $19.26. The company had a trading volume of 69,900 shares, compared to its average volume of 103,825. The firm has a market capitalization of $567.21 million, a price-to-earnings ratio of 23.78 and a beta of 1.37. The company has a current ratio of 2.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $16.23 and a 200 day moving average of $14.92. American Vanguard has a fifty-two week low of $12.69 and a fifty-two week high of $21.19.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. American Vanguards dividend payout ratio is currently 9.88%.

Several large investors have recently made changes to their positions in AVD. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Vanguard by 65.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,943 shares of the basic materials companys stock worth $45,000 after acquiring an additional 1,165 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of American Vanguard during the second quarter worth $116,000. Swiss National Bank raised its position in shares of American Vanguard by 2.2% during the second quarter. Swiss National Bank now owns 50,851 shares of the basic materials companys stock worth $784,000 after purchasing an additional 1,100 shares during the period. Guyasuta Investment Advisors Inc. lifted its holdings in shares of American Vanguard by 30.6% during the second quarter. Guyasuta Investment Advisors Inc. now owns 47,000 shares of the basic materials companys stock valued at $724,000 after purchasing an additional 11,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of American Vanguard by 16.3% during the second quarter. JPMorgan Chase & Co. now owns 10,913 shares of the basic materials companys stock valued at $164,000 after purchasing an additional 1,529 shares during the last quarter. Institutional investors own 75.87% of the companys stock.

About American Vanguard

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

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American Vanguard Corp. (NYSE:AVD) Expected to Post Earnings of $0.16 Per Share - Slater Sentinel