Brokerages Anticipate American Woodmark Co. (NASDAQ:AMWD) Will Announce Quarterly Sales of $430.78 Million

Brokerages expect American Woodmark Co. (NASDAQ:AMWD) to announce $430.78 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided 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 would indicate a positive year over year growth rate of 0.4%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, August 27th.

According to Zacks, analysts expect that American Woodmark will report full year sales of $1.71 billion for the current financial year, with estimates ranging from $1.71 billion to $1.72 billion. For the next financial year, analysts expect that the firm will post sales of $1.80 billion, with estimates ranging from $1.79 billion to $1.80 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow American Woodmark.

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

A number of analysts recently weighed in on AMWD shares. ValuEngine downgraded shares of American Woodmark from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Sidoti cut their price target on shares of American Woodmark from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday. 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 upgraded shares of American Woodmark from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Co increased their price target 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $98.20.

American Woodmark stock opened at $75.62 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.32 and a debt-to-equity ratio of 1.11. American Woodmark has a 1 year low of $53.35 and a 1 year high of $98.48. The company has a market cap of $1.27 billion, a PE ratio of 10.94, a PEG ratio of 1.15 and a beta of 2.35. The company’s 50-day moving average is $81.66 and its two-hundred day moving average is $82.20.

Several large investors have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new stake in American Woodmark during the 1st quarter worth approximately $27,000. Nisa Investment Advisors LLC grew its stake in shares of American Woodmark by 312.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 330 shares of the company’s stock worth $28,000 after acquiring an additional 250 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of American Woodmark by 533.3% during the 1st quarter. Versant Capital Management Inc now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 352 shares in the last quarter. KBC Group NV bought a new position in shares of American Woodmark during the 2nd quarter worth approximately $58,000. Finally, Meeder Asset Management Inc. bought a new position in shares of American Woodmark during the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 91.81% 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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