$422.61 Million in Sales Expected for American Woodmark Co. (AMWD) This Quarter

Brokerages expect American Woodmark Co. (NASDAQ:AMWD) to report $422.61 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for American Woodmark’s earnings. The lowest sales estimate is $421.71 million and the highest is $423.50 million. American Woodmark reported sales of $274.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 53.8%. The business is expected to report its next earnings report before the market opens on Thursday, November 29th.

On average, analysts expect that American Woodmark will report full year sales of $1.69 billion for the current fiscal year. For the next year, analysts forecast that the firm will post sales of $1.81 billion, with estimates ranging from $1.78 billion to $1.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for American Woodmark.

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings data on Monday, August 27th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.12. American Woodmark had a net margin of 4.68% and a return on equity of 18.61%. The business had revenue of $429.00 million for the quarter, compared to analysts’ expectations of $429.13 million. During the same period in the previous year, the business earned $1.36 earnings per share. The company’s revenue was up 55.0% on a year-over-year basis.

A number of research analysts recently issued reports on AMWD shares. Zacks Investment Research lowered American Woodmark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 31st. Robert W. Baird set a $104.00 target price on American Woodmark and gave the stock a “buy” rating in a report on Tuesday, October 16th. TheStreet lowered American Woodmark from a “b” rating to a “c+” rating in a report on Tuesday, October 9th. ValuEngine lowered American Woodmark from a “sell” rating to a “strong sell” rating in a report on Thursday, September 13th. Finally, Longbow Research lowered American Woodmark to a “buy” rating and set a $123.00 target price on the stock. in a report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. American Woodmark currently has an average rating of “Hold” and an average target price of $106.75.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in American Woodmark by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,226,644 shares of the company’s stock worth $96,230,000 after purchasing an additional 40,967 shares during the last quarter. Legal & General Group Plc lifted its holdings in American Woodmark by 17.0% in the 3rd quarter. Legal & General Group Plc now owns 35,901 shares of the company’s stock worth $2,842,000 after purchasing an additional 5,228 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in American Woodmark by 9.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 10,669 shares of the company’s stock worth $837,000 after purchasing an additional 943 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in American Woodmark by 51.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 10,141 shares of the company’s stock worth $796,000 after purchasing an additional 3,442 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in American Woodmark in the 3rd quarter worth approximately $1,663,000. 81.42% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:AMWD traded up $1.36 during mid-day trading on Friday, reaching $67.45. 81,478 shares of the stock were exchanged, compared to its average volume of 142,838. The firm has a market cap of $1.16 billion, a P/E ratio of 12.87, a PEG ratio of 0.96 and a beta of 2.12. American Woodmark has a 1-year low of $55.03 and a 1-year high of $148.44. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 1.23.

American Woodmark Company Profile

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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