American Woodmark (AMWD) to Release Quarterly Earnings on Thursday

American Woodmark (NASDAQ:AMWD) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect American Woodmark to post earnings of $1.33 per share and revenue of $409.27 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

American Woodmark (NASDAQ:AMWD) last posted its earnings results on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.29). American Woodmark had a net margin of 5.90% and a return on equity of 12.70%. The company had revenue of $452.50 million during the quarter, compared to the consensus estimate of $458.29 million. During the same quarter in the prior year, the business earned $2.36 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year.

American Woodmark Stock Down 3.5 %

AMWD stock opened at $74.00 on Thursday. American Woodmark has a twelve month low of $72.00 and a twelve month high of $106.57. The company has a quick ratio of 1.05, a current ratio of 1.93 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $79.27 and its 200-day moving average is $87.81. The firm has a market capitalization of $1.11 billion, a PE ratio of 11.06 and a beta of 1.61.

Insiders Place Their Bets

In other American Woodmark news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $90.10, for a total transaction of $315,350.00. Following the completion of the sale, the chief executive officer now owns 106,432 shares of the company’s stock, valued at $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $80.79, for a total value of $100,987.50. Following the sale, the director now directly owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock valued at $789,898 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird lifted their price target on American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Wolfe Research lowered American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Finally, Loop Capital dropped their price target on American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.00.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, office, home organization, and hardware products for the remodelling and new home construction markets in the United States. The company offers made-to-order and cash and carry products. It also provides turnkey installation services to its direct builder customers through a network of eight service centers.