American Woodmark Co. (AMWD) Expected to Announce Quarterly Sales of $412.77 Million

Analysts predict that American Woodmark Co. (NASDAQ:AMWD) will report $412.77 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Woodmark’s earnings, with the lowest sales estimate coming in at $411.80 million and the highest estimate coming in at $413.74 million. American Woodmark reported sales of $405.89 million during the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The firm is expected to announce its next earnings results on Tuesday, June 4th.

On average, analysts expect that American Woodmark will report full year sales of $1.65 billion for the current fiscal year. For the next year, analysts anticipate that the business will report sales of $1.73 billion, with estimates ranging from $1.73 billion to $1.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow American Woodmark.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. American Woodmark had a return on equity of 19.40% and a net margin of 4.91%. The business had revenue of $384.00 million for the quarter, compared to analyst estimates of $387.66 million. During the same period last year, the company earned $0.84 EPS. American Woodmark’s revenue for the quarter was up 31.1% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on AMWD shares. ValuEngine upgraded American Woodmark from a “strong sell” rating to a “sell” rating in a research report on Monday, March 25th. BidaskClub lowered American Woodmark from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Zacks Investment Research lowered American Woodmark from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Finally, Sidoti started coverage on American Woodmark in a research report on Tuesday, February 19th. They issued a “buy” rating and a $95.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $102.80.

Hedge funds have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of American Woodmark by 36.8% during the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock valued at $63,000 after purchasing an additional 306 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of American Woodmark during the third quarter valued at approximately $225,000. Shepherd Kaplan Krochuk LLC bought a new stake in shares of American Woodmark during the third quarter valued at approximately $306,000. Metropolitan Life Insurance Co. NY boosted its position in shares of American Woodmark by 347.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,433 shares of the company’s stock valued at $247,000 after purchasing an additional 3,442 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of American Woodmark during the third quarter valued at approximately $374,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

AMWD traded up $1.47 on Thursday, hitting $88.28. 63,400 shares of the company were exchanged, compared to its average volume of 194,739. 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 has a 12 month low of $53.35 and a 12 month high of $108.20. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.37 and a beta of 2.31.

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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