American Woodmark (AMWD) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

American Woodmark (NASDAQ:AMWD) posted its quarterly earnings data on Friday. The company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.01), Briefing.com reports. American Woodmark had a return on equity of 20.89% and a net margin of 6.85%. The business had revenue of $274.80 million for the quarter, compared to the consensus estimate of $280.60 million. During the same period in the previous year, the firm earned $1.10 EPS. The company’s revenue was up 4.1% on a year-over-year basis.

Shares of American Woodmark (NASDAQ AMWD) traded up $28.10 during midday trading on Friday, hitting $127.70. 1,090,000 shares of the stock traded hands, compared to its average volume of 168,666. The company has a market capitalization of $2,080.00, a P/E ratio of 28.50 and a beta of 1.57. American Woodmark has a 52-week low of $69.65 and a 52-week high of $136.05. The company has a current ratio of 3.45, a quick ratio of 3.00 and a debt-to-equity ratio of 0.04.

In other news, SVP Roger Perry Campbell sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $89.29, for a total transaction of $267,870.00. Following the completion of the transaction, the senior vice president now directly owns 11,415 shares of the company’s stock, valued at $1,019,245.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Cary Dunston sold 500 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $99.35, for a total transaction of $49,675.00. Following the transaction, the insider now directly owns 48,609 shares of the company’s stock, valued at $4,829,304.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,168 shares of company stock worth $7,144,144. Insiders own 1.10% of the company’s stock.

Several research analysts have recently issued reports on AMWD shares. Zacks Investment Research downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. BidaskClub upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.

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About American Woodmark

American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.

Earnings History for American Woodmark (NASDAQ:AMWD)

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