American Vanguard (NYSE:AVD) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

American Vanguard (NYSE:AVDGet Rating) posted its earnings results on Wednesday. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.20 by $0.12, Fidelity Earnings reports. American Vanguard had a net margin of 4.31% and a return on equity of 6.88%. During the same quarter in the prior year, the firm earned $0.10 earnings per share.

Shares of American Vanguard stock traded down $2.06 on Friday, reaching $20.74. 248,482 shares of the company traded hands, compared to its average volume of 292,365. American Vanguard has a 52 week low of $13.82 and a 52 week high of $24.25. The company has a 50 day moving average of $20.00 and a 200 day moving average of $17.12. The firm has a market capitalization of $633.19 million, a PE ratio of 24.69 and a beta of 0.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.53 and a quick ratio of 0.84.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, March 25th were given a dividend of $0.025 per share. This is an increase from American Vanguard’s previous quarterly dividend of $0.02. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Thursday, March 24th. American Vanguard’s dividend payout ratio is currently 11.90%.

Several institutional investors have recently added to or reduced their stakes in AVD. Morgan Stanley grew its position in shares of American Vanguard by 77.4% during the 2nd quarter. Morgan Stanley now owns 147,457 shares of the basic materials company’s stock valued at $2,582,000 after acquiring an additional 64,335 shares during the period. Millennium Management LLC bought a new position in shares of American Vanguard during the 2nd quarter valued at approximately $439,000. Wells Fargo & Company MN grew its position in shares of American Vanguard by 68.4% during the 2nd quarter. Wells Fargo & Company MN now owns 62,596 shares of the basic materials company’s stock valued at $1,096,000 after acquiring an additional 25,416 shares during the period. Citadel Advisors LLC grew its position in shares of American Vanguard by 751.1% during the 3rd quarter. Citadel Advisors LLC now owns 121,705 shares of the basic materials company’s stock valued at $1,832,000 after acquiring an additional 107,405 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of American Vanguard by 161.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 29,061 shares of the basic materials company’s stock valued at $437,000 after buying an additional 17,937 shares in the last quarter. 79.19% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of American Vanguard in a research report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Zacks Investment Research raised shares of American Vanguard from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, April 5th.

American Vanguard Company Profile (Get Rating)

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, soil health, plant nutrition, 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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Earnings History for American Vanguard (NYSE:AVD)

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