American Vanguard Corporation (AVD) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

American Vanguard Corporation (NYSE:AVD) posted its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01, Briefing.com reports. The company had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. American Vanguard Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share.

American Vanguard Corporation (NYSE AVD) opened at 19.70 on Friday. The firm’s 50-day moving average price is $18.89 and its 200 day moving average price is $17.32. American Vanguard Corporation has a 1-year low of $14.20 and a 1-year high of $20.85. The firm has a market capitalization of $586.73 million, a price-to-earnings ratio of 40.20 and a beta of 1.38.

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In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the transaction, the insider now owns 35,040 shares of the company’s stock, valued at approximately $665,760. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of AVD. Vanguard Group Inc. boosted its stake in shares of American Vanguard Corporation by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock valued at $43,214,000 after buying an additional 74,966 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Vanguard Corporation by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,453,236 shares of the basic materials company’s stock valued at $42,318,000 after buying an additional 82,986 shares during the last quarter. Cove Street Capital LLC boosted its stake in shares of American Vanguard Corporation by 9.4% in the first quarter. Cove Street Capital LLC now owns 1,351,750 shares of the basic materials company’s stock valued at $22,439,000 after buying an additional 116,215 shares during the last quarter. Heartland Advisors Inc. boosted its stake in shares of American Vanguard Corporation by 32.6% in the second quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock valued at $15,033,000 after buying an additional 214,141 shares during the last quarter. Finally, Walthausen & Co. LLC boosted its stake in shares of American Vanguard Corporation by 57.7% in the second quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after buying an additional 256,637 shares during the last quarter. 77.75% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on AVD. BidaskClub cut American Vanguard Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research raised American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Friday, July 7th. Roth Capital set a $22.00 target price on American Vanguard Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. American Vanguard Corporation has an average rating of “Hold” and a consensus price target of $19.33.

American Vanguard Corporation Company Profile

American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.

Earnings History for American Vanguard Corporation (NYSE:AVD)

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