American Woodmark Co. (NASDAQ:AMWD) Expected to Announce Quarterly Sales of $430.78 Million

Equities analysts predict that American Woodmark Co. (NASDAQ:AMWD) will post $430.78 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for American Woodmark’s earnings, with estimates ranging from $428.30 million to $433.25 million. American Woodmark posted sales of $428.96 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The firm is scheduled to announce its next earnings results on Monday, August 26th.

On average, analysts expect that American Woodmark will report full-year sales of $1.71 billion for the current year, with estimates ranging from $1.71 billion to $1.72 billion. For the next year, analysts forecast that the firm will report sales of $1.80 billion, with estimates ranging from $1.79 billion to $1.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover American Woodmark.

American Woodmark (NASDAQ:AMWD) last released its earnings results on Tuesday, May 28th. The company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.01). The firm had revenue of $407.40 million during the quarter, compared to analysts’ expectations of $413.45 million. American Woodmark had a return on equity of 19.51% and a net margin of 5.09%. The business’s revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $1.64 earnings per share.

AMWD has been the topic of a number of research analyst reports. Sidoti set a $105.00 price objective on shares of American Woodmark and gave the company a “buy” rating in a research report on Friday, May 17th. BidaskClub downgraded shares of American Woodmark from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Zacks Investment Research raised shares of American Woodmark from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Finally, Wells Fargo & Co boosted their price objective on shares of American Woodmark from $70.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $100.80.

AMWD traded up $0.09 on Friday, reaching $84.94. 3,585 shares of the company traded hands, compared to its average volume of 93,790. The business has a 50 day moving average price of $82.38. American Woodmark has a 52-week low of $53.35 and a 52-week high of $98.48. The stock has a market cap of $1.41 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.27 and a beta of 2.37. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 1.11.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in American Woodmark by 27.5% in the fourth quarter. Millennium Management LLC now owns 279,263 shares of the company’s stock valued at $15,549,000 after acquiring an additional 60,174 shares during the last quarter. Brasada Capital Management LP acquired a new stake in American Woodmark in the first quarter valued at approximately $289,000. SG Americas Securities LLC acquired a new stake in American Woodmark in the first quarter valued at approximately $379,000. Tributary Capital Management LLC lifted its stake in American Woodmark by 14.5% in the first quarter. Tributary Capital Management LLC now owns 259,112 shares of the company’s stock valued at $21,410,000 after acquiring an additional 32,728 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in American Woodmark by 1,205.9% in the first quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the company’s stock valued at $255,000 after acquiring an additional 2,846 shares during the last quarter. 92.99% of the stock is currently owned by hedge funds and other institutional investors.

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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