Wall Street analysts expect American Woodmark Co. (NASDAQ:AMWD) to report $423.56 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for American Woodmark’s earnings, with the lowest sales estimate coming in at $423.50 million and the highest estimate coming in at $423.63 million. American Woodmark posted sales of $274.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 54.2%. The business is scheduled to report its next quarterly earnings report on Friday, December 7th.
According to Zacks, analysts expect that American Woodmark will report full year sales of $1.69 billion for the current fiscal year. For the next financial year, analysts anticipate that the business will report sales of $1.81 billion, with estimates ranging from $1.78 billion to $1.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover American Woodmark.
American Woodmark (NASDAQ:AMWD) last posted its earnings results on Monday, August 27th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.92 by $0.12. American Woodmark had a return on equity of 18.61% and a net margin of 4.68%. The company had revenue of $429.00 million for the quarter, compared to the consensus estimate of $429.13 million. During the same quarter in the prior year, the business earned $1.36 earnings per share. The firm’s revenue for the quarter was up 55.0% on a year-over-year basis.
Several brokerages recently issued reports on AMWD. Zacks Investment Research cut American Woodmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine cut American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 13th. BidaskClub cut American Woodmark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 18th. Longbow Research cut American Woodmark to a “buy” rating and set a $123.00 price target for the company. in a research note on Friday. Finally, Wells Fargo & Co began coverage on American Woodmark in a research note on Wednesday, June 27th. They issued a “market perform” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $114.75.
Several hedge funds have recently modified their holdings of AMWD. Cutler Group LP boosted its stake in shares of American Woodmark by 1,010.0% in the second quarter. Cutler Group LP now owns 1,110 shares of the company’s stock valued at $101,000 after buying an additional 1,010 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of American Woodmark by 149.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock valued at $121,000 after buying an additional 790 shares during the period. NumerixS Investment Technologies Inc lifted its stake in American Woodmark by 375.0% during the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the company’s stock worth $172,000 after purchasing an additional 1,500 shares during the last quarter. Amalgamated Bank bought a new stake in American Woodmark during the second quarter worth $210,000. Finally, Verition Fund Management LLC bought a new stake in American Woodmark during the second quarter worth $211,000. Institutional investors and hedge funds own 81.74% of the company’s stock.
Shares of American Woodmark stock traded down $2.08 on Friday, hitting $66.71. The stock had a trading volume of 234,404 shares, compared to its average volume of 197,705. American Woodmark has a twelve month low of $66.15 and a twelve month high of $148.44. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.14 and a beta of 1.89.
About American Woodmark
American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.
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