Wall Street brokerages expect American Vanguard Corp. (NYSE:AVD) to report $0.21 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for American Vanguard’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.17. American Vanguard posted earnings of $0.13 per share in the same quarter last year, which suggests a positive year over year growth rate of 61.5%. The business is scheduled to issue its next earnings results on Monday, March 5th.
On average, analysts expect that American Vanguard will report full year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.58 to $0.67. For the next financial year, analysts forecast that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.85 to $0.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow American Vanguard.
AVD has been the topic of a number of research reports. Zacks Investment Research raised American Vanguard from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, November 1st. Piper Jaffray Companies reissued a “hold” rating and set a $23.00 price objective on shares of American Vanguard in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. American Vanguard currently has an average rating of “Hold” and a consensus price target of $25.33.
In related news, insider David` T. Johnson sold 6,611 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $18.87, for a total transaction of $124,749.57. Following the transaction, the insider now directly owns 28,429 shares of the company’s stock, valued at approximately $536,455.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy Donnelly sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $19.36, for a total value of $77,440.00. Following the transaction, the insider now directly owns 37,564 shares in the company, valued at $727,239.04. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AVD. Heartland Advisors Inc. increased its stake in American Vanguard by 21.8% in the 4th quarter. Heartland Advisors Inc. now owns 981,413 shares of the basic materials company’s stock worth $19,285,000 after purchasing an additional 175,780 shares during the period. Vanguard Group Inc. increased its stake in American Vanguard by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock worth $43,214,000 after purchasing an additional 74,966 shares during the period. Renaissance Technologies LLC increased its stake in American Vanguard by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 547,952 shares of the basic materials company’s stock worth $10,767,000 after purchasing an additional 67,800 shares during the period. Assenagon Asset Management S.A. purchased a new position in American Vanguard in the 4th quarter worth approximately $1,289,000. Finally, Deutsche Bank AG increased its stake in American Vanguard by 68.2% in the 4th quarter. Deutsche Bank AG now owns 153,482 shares of the basic materials company’s stock worth $3,014,000 after purchasing an additional 62,248 shares during the period. 76.92% of the stock is currently owned by institutional investors and hedge funds.
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About American Vanguard
American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.
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