American Woodmark (NASDAQ:AMWD) released its earnings results on Friday. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04), Bloomberg Earnings reports. The company had revenue of $292.80 million for the quarter, compared to the consensus estimate of $276.60 million. American Woodmark had a net margin of 6.98% and a return on equity of 20.56%. The business’s revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share.
American Woodmark (NASDAQ AMWD) traded up $1.40 during midday trading on Friday, reaching $121.75. The company had a trading volume of 508,871 shares, compared to its average volume of 122,094. American Woodmark has a fifty-two week low of $78.75 and a fifty-two week high of $148.44. The firm has a market capitalization of $2,130.99, a PE ratio of 32.47 and a beta of 1.59. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.04.
Several brokerages recently weighed in on AMWD. BidaskClub upgraded American Woodmark from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Robert W. Baird increased their target price on American Woodmark from $108.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded American Woodmark from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, December 6th. Finally, Longbow Research upgraded American Woodmark from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $140.00.
COPYRIGHT VIOLATION WARNING: “American Woodmark (AMWD) Releases Earnings Results, Misses Expectations By $0.04 EPS” was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3255782/american-woodmark-amwd-releases-earnings-results-misses-expectations-by-0-04-eps.html.
American Woodmark Company Profile
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 500 different cabinet lines, ranging in price from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces.
Receive News & Ratings for American Woodmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Woodmark and related companies with MarketBeat.com's FREE daily email newsletter.