Analysts forecast that American Woodmark Co. (NASDAQ:AMWD) will report sales of $412.10 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American Woodmark’s earnings. The highest sales estimate is $412.40 million and the lowest is $411.80 million. American Woodmark reported sales of $405.89 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The business is scheduled to report its next earnings report before the market opens on Tuesday, May 28th.
On average, analysts expect that American Woodmark will report full-year sales of $1.65 billion for the current year. For the next financial year, analysts anticipate that the firm will report sales of $1.73 billion, with estimates ranging from $1.73 billion to $1.74 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for American Woodmark.
American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings results on Tuesday, February 26th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. American Woodmark had a return on equity of 19.40% and a net margin of 4.91%. The company had revenue of $384.00 million during the quarter, compared to analyst estimates of $387.66 million. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 31.1% on a year-over-year basis.
A number of brokerages recently commented on AMWD. Sidoti set a $105.00 price target on American Woodmark and gave the company a “buy” rating in a research note on Friday. BidaskClub raised American Woodmark from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research lowered American Woodmark from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Finally, ValuEngine raised American Woodmark from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $104.80.
Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in American Woodmark by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 239,473 shares of the company’s stock worth $18,787,000 after buying an additional 15,177 shares during the last quarter. Legal & General Group Plc boosted its position in American Woodmark by 17.0% during the third quarter. Legal & General Group Plc now owns 35,901 shares of the company’s stock worth $2,842,000 after purchasing an additional 5,228 shares during the period. Vanguard Group Inc. boosted its position in American Woodmark by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,226,644 shares of the company’s stock worth $96,230,000 after purchasing an additional 40,967 shares during the period. Teachers Advisors LLC boosted its position in American Woodmark by 2.8% during the third quarter. Teachers Advisors LLC now owns 27,107 shares of the company’s stock worth $2,127,000 after purchasing an additional 727 shares during the period. Finally, Bank of Montreal Can boosted its position in American Woodmark by 36.8% during the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock worth $63,000 after purchasing an additional 306 shares during the period. 93.19% of the stock is owned by institutional investors and hedge funds.
Shares of American Woodmark stock opened at $88.56 on Monday. American Woodmark has a 12 month low of $53.35 and a 12 month high of $108.20. The company has a market cap of $1.49 billion, a P/E ratio of 16.90, a PEG ratio of 1.26 and a beta of 2.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.05 and a quick ratio of 1.24.
American Woodmark Company Profile
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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