American Vanguard (NYSE:AVD) released its earnings results on Tuesday. The basic materials company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01, Briefing.com reports. The company had revenue of $124.88 million during the quarter, compared to the consensus estimate of $123.13 million. American Vanguard had a net margin of 3.75% and a return on equity of 5.31%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS.
Shares of NYSE AVD traded down $0.07 during midday trading on Friday, hitting $15.69. The company’s stock had a trading volume of 1,860 shares, compared to its average volume of 104,145. American Vanguard has a 1-year low of $12.69 and a 1-year high of $21.19. The firm’s fifty day moving average price is $14.75 and its 200-day moving average price is $14.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.16 and a current ratio of 2.65. The firm has a market cap of $472.03 million, a P/E ratio of 19.37 and a beta of 1.31.
The firm also recently declared a — dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were issued a $0.02 dividend. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 2nd. American Vanguard’s dividend payout ratio (DPR) is presently 9.88%.
In other American Vanguard news, COO Ulrich Trogele purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $14.24 per share, with a total value of $28,480.00. Following the acquisition, the chief operating officer now owns 126,201 shares of the company’s stock, valued at approximately $1,797,102.24. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric G. Wintemute purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was acquired at an average cost of $14.08 per share, with a total value of $70,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 955,060 shares in the company, valued at approximately $13,447,244.80. The disclosure for this purchase can be found here. Insiders bought a total of 7,700 shares of company stock valued at $109,050 over the last ninety days. Company insiders own 5.30% of the company’s stock.
Several research analysts have recently commented on the stock. ValuEngine raised shares of American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Loop Capital decreased their price target on shares of American Vanguard to $19.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, Zacks Investment Research lowered shares of American Vanguard from a “hold” rating to a “sell” rating in a report on Friday, October 18th.
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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