Zacks: Brokerages Anticipate American Woodmark Co. (AMWD) Will Announce Earnings of $1.30 Per Share

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Wall Street analysts forecast that American Woodmark Co. (NASDAQ:AMWD) will announce earnings per share of $1.30 for the current quarter, according to Zacks. Two analysts have provided estimates for American Woodmark’s earnings. The highest EPS estimate is $1.35 and the lowest is $1.24. American Woodmark posted earnings per share of $0.84 in the same quarter last year, which would suggest a positive year-over-year growth rate of 54.8%. The firm is expected to announce its next earnings results before the market opens on Tuesday, February 26th.

On average, analysts expect that American Woodmark will report full-year earnings of $6.92 per share for the current financial year, with EPS estimates ranging from $6.85 to $6.99. For the next year, analysts anticipate that the business will report earnings of $8.07 per share, with EPS estimates ranging from $7.80 to $8.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow American Woodmark.

American Woodmark (NASDAQ:AMWD) last announced its earnings results on Thursday, November 29th. The company reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.27). American Woodmark had a return on equity of 18.07% and a net margin of 4.15%. The company had revenue of $424.88 million during the quarter, compared to analyst estimates of $424.17 million. During the same period in the previous year, the company posted $1.21 earnings per share. American Woodmark’s revenue for the quarter was up 54.6% on a year-over-year basis.

A number of analysts have commented on AMWD shares. Zacks Investment Research upgraded American Woodmark from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Robert W. Baird set a $96.00 target price on American Woodmark and gave the stock a “buy” rating in a research report on Tuesday, November 27th. BidaskClub downgraded American Woodmark from a “sell” rating to a “strong sell” rating in a research report on Friday, December 7th. Sidoti started coverage on American Woodmark in a research report on Tuesday. They set a “buy” rating and a $95.00 target price on the stock. Finally, Longbow Research reiterated a “neutral” rating on shares of American Woodmark in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $102.80.

AMWD traded up $1.03 during trading on Friday, hitting $84.42. 12,363 shares of the stock were exchanged, compared to its average volume of 202,053. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.31 and a beta of 2.16. The company has a quick ratio of 1.27, a current ratio of 1.96 and a debt-to-equity ratio of 1.16. American Woodmark has a 1-year low of $53.35 and a 1-year high of $140.60.

In related news, CFO Michael Scott Culbreth purchased 600 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was bought at an average cost of $61.00 per share, with a total value of $36,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $696,681. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven Cary Dunston purchased 1,500 shares of the business’s stock in a transaction dated Friday, December 21st. The stock was bought at an average cost of $55.23 per share, with a total value of $82,845.00. Following the completion of the acquisition, the insider now owns 51,082 shares of the company’s stock, valued at $2,821,258.86. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,600 shares of company stock valued at $270,770. Insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of American Woodmark by 36.8% in the fourth quarter. Bank of Montreal Can now owns 1,138 shares of the company’s stock worth $63,000 after acquiring an additional 306 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of American Woodmark in the third quarter worth $225,000. Metropolitan Life Insurance Co. NY increased its stake in American Woodmark by 347.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,433 shares of the company’s stock valued at $247,000 after purchasing an additional 3,442 shares during the last quarter. Pitcairn Co. acquired a new position in American Woodmark in the fourth quarter valued at $272,000. Finally, Victory Capital Management Inc. increased its stake in American Woodmark by 98.6% in the third quarter. Victory Capital Management Inc. now owns 3,478 shares of the company’s stock valued at $273,000 after purchasing an additional 1,727 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

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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