American Woodmark (AMWD) Projected to Post Quarterly Earnings on Thursday

American Woodmark (NASDAQ:AMWD) is expected to be issuing its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $409.27 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

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

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $71.15 on Thursday. The company has a market capitalization of $1.07 billion, a PE ratio of 10.64 and a beta of 1.61. American Woodmark has a 12 month low of $69.78 and a 12 month high of $106.57. The company has a current ratio of 1.93, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $78.26 and its 200 day simple moving average is $87.27.

Insider Buying and Selling

In other news, CEO Michael Scott Culbreth sold 3,500 shares of American Woodmark stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $90.10, for a total value of $315,350.00. Following the completion of the sale, the chief executive officer now directly owns 106,432 shares in the company, valued at approximately $9,589,523.20. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James G. Davis sold 1,250 shares of American Woodmark stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the sale, the director now owns 24,573 shares of the company’s stock, valued at approximately $1,985,252.67. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,250 shares of company stock worth $789,898. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMWD. 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 research note on Wednesday, November 27th. Robert W. Baird lifted their price target on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Wolfe Research cut American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, American Woodmark presently has an average rating of “Hold” and a consensus 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.