American Woodmark (AMWD) Set to Announce Earnings on Thursday

American Woodmark (NASDAQ:AMWDGet Rating) will be posting its quarterly earnings results before the market opens on Thursday, May 26th. Analysts expect American Woodmark to post earnings of $1.34 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

American Woodmark (NASDAQ:AMWDGet Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.07). The business had revenue of $459.70 million during the quarter, compared to analysts’ expectations of $470.59 million. American Woodmark had a positive return on equity of 7.22% and a negative net margin of 2.26%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. On average, analysts expect American Woodmark to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NASDAQ:AMWD opened at $50.35 on Thursday. The stock has a fifty day moving average price of $50.25 and a two-hundred day moving average price of $58.37. The stock has a market capitalization of $834.35 million, a price-to-earnings ratio of -20.14 and a beta of 1.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.93 and a current ratio of 1.99. American Woodmark has a 1 year low of $44.01 and a 1 year high of $95.50.

In related news, Director Vance W. Tang acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was purchased at an average price of $52.95 per share, for a total transaction of $529,500.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul Joachimczyk acquired 2,031 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were bought at an average price of $54.71 per share, with a total value of $111,116.01. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 15,036 shares of company stock valued at $798,224. 1.10% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in American Woodmark by 114.6% in the 1st quarter. Captrust Financial Advisors now owns 1,249 shares of the company’s stock worth $61,000 after buying an additional 667 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in American Woodmark by 23.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,409 shares of the company’s stock worth $92,000 after buying an additional 268 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of American Woodmark by 48.5% in the 2nd quarter. Royal Bank of Canada now owns 2,040 shares of the company’s stock valued at $167,000 after purchasing an additional 666 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of American Woodmark during the 4th quarter worth about $226,000. Finally, Engineers Gate Manager LP acquired a new stake in American Woodmark during the 1st quarter worth approximately $213,000. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. Robert W. Baird cut their price objective on American Woodmark from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, February 17th. Loop Capital cut American Woodmark from a “buy” rating to a “hold” rating and dropped their price target for the company from $63.00 to $59.00 in a research report on Wednesday, March 23rd. Zacks Investment Research cut American Woodmark from a “buy” rating to a “sell” rating in a research report on Wednesday, April 27th. StockNews.com assumed coverage on American Woodmark in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, TheStreet cut American Woodmark from a “c” rating to a “d+” rating in a research report on Thursday, February 24th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, American Woodmark presently has an average rating of “Hold” and an average target price of $64.75.

American Woodmark Company Profile (Get Rating)

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodelling and new home construction markets in the United States. It offers made-to-order and cash and carry products. The company also provides turnkey installation services to its direct builder customers through a network of eight service centers.

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Earnings History for American Woodmark (NASDAQ:AMWD)

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