Equities analysts predict that American Vanguard Corp. (NYSE:AVD) will report sales of $105.30 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Vanguard’s earnings. The lowest sales estimate is $103.80 million and the highest is $106.80 million. American Vanguard reported sales of $104.11 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.1%. The company is expected to announce its next quarterly earnings report on Tuesday, May 14th.
On average, analysts expect that American Vanguard will report full-year sales of $496.20 million for the current year, with estimates ranging from $486.30 million to $506.10 million. For the next financial year, analysts forecast that the firm will post sales of $526.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for American Vanguard.
American Vanguard (NYSE:AVD) last released its quarterly earnings data on Monday, March 11th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. American Vanguard had a net margin of 5.33% and a return on equity of 7.48%. The firm had revenue of $131.00 million during the quarter, compared to analysts’ expectations of $131.60 million.
Shares of AVD traded down $0.12 during mid-day trading on Friday, hitting $17.22. 83,509 shares of the company traded hands, compared to its average volume of 97,224. The company has a quick ratio of 1.03, a current ratio of 2.13 and a debt-to-equity ratio of 0.29. American Vanguard has a 1 year low of $13.98 and a 1 year high of $24.00. The stock has a market capitalization of $514.83 million, a price-to-earnings ratio of 21.26 and a beta of 1.27.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 27th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $0.08 annualized dividend and a yield of 0.46%. American Vanguard’s dividend payout ratio (DPR) is 9.88%.
In related news, insider John Rizzi sold 7,470 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $18.43, for a total transaction of $137,672.10. Following the completion of the sale, the insider now directly owns 43,072 shares in the company, valued at $793,816.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AVD. Vanguard Group Inc boosted its position in shares of American Vanguard by 3.5% in the third quarter. Vanguard Group Inc now owns 2,737,677 shares of the basic materials company’s stock worth $49,278,000 after purchasing an additional 93,491 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of American Vanguard by 62.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,431 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 4,000 shares during the period. First Trust Advisors LP boosted its position in shares of American Vanguard by 36.1% in the third quarter. First Trust Advisors LP now owns 40,531 shares of the basic materials company’s stock worth $730,000 after purchasing an additional 10,746 shares during the period. Wells Fargo & Company MN boosted its position in shares of American Vanguard by 10.4% in the third quarter. Wells Fargo & Company MN now owns 90,423 shares of the basic materials company’s stock worth $1,627,000 after purchasing an additional 8,502 shares during the period. Finally, MetLife Investment Advisors LLC boosted its position in shares of American Vanguard by 54.0% in the third quarter. MetLife Investment Advisors LLC now owns 22,919 shares of the basic materials company’s stock worth $413,000 after purchasing an additional 8,032 shares during the period. Institutional investors own 77.28% of the company’s stock.
About American Vanguard
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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