Zacks: Analysts Anticipate American Woodmark Co. (AMWD) to Post $1.88 Earnings Per Share

Wall Street analysts forecast that American Woodmark Co. (NASDAQ:AMWD) will report $1.88 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for American Woodmark’s earnings. The lowest EPS estimate is $1.87 and the highest is $1.88. American Woodmark posted earnings of $1.64 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The business is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, May 28th.

According to Zacks, analysts expect that American Woodmark will report full-year earnings of $6.93 per share for the current financial year, with EPS estimates ranging from $6.92 to $6.93. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.83 per share, with EPS estimates ranging from $7.77 to $7.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover American Woodmark.

American Woodmark (NASDAQ:AMWD) last released its quarterly earnings data on Tuesday, February 26th. The company reported $1.40 earnings per share for the quarter, beating 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 firm posted $0.84 earnings per share. American Woodmark’s revenue was up 31.1% compared to the same quarter last year.

AMWD has been the topic of a number of recent analyst reports. Zacks Investment Research raised American Woodmark from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. BidaskClub raised American Woodmark from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Sidoti initiated coverage on American Woodmark in a research note on Tuesday, February 19th. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, ValuEngine raised American Woodmark from a “strong sell” rating to a “sell” rating in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. American Woodmark currently has an average rating of “Hold” and an average target price of $104.80.

Shares of AMWD stock traded down $0.20 during mid-day trading on Friday, reaching $86.75. 969 shares of the stock traded hands, compared to its average volume of 128,748. The company has a current ratio of 2.05, a quick ratio of 1.24 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.26 and a beta of 2.30. American Woodmark has a 1-year low of $53.35 and a 1-year high of $108.20.

A number of hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new position in shares of American Woodmark during the first quarter valued at approximately $27,000. Versant Capital Management Inc lifted its holdings in American Woodmark by 533.3% during the first quarter. Versant Capital Management Inc now owns 418 shares of the company’s stock worth $34,000 after buying an additional 352 shares during the period. Bank of Montreal Can lifted its holdings 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 buying an additional 306 shares during the period. Advisory Services Network LLC purchased a new stake in American Woodmark during the first quarter worth $70,000. Finally, Advisor Group Inc. lifted its holdings in American Woodmark by 13.4% during the first quarter. Advisor Group Inc. now owns 1,707 shares of the company’s stock worth $142,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

About American Woodmark

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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