American Woodmark (AMWD) Projected to Post Earnings on Thursday

American Woodmark (NASDAQ:AMWD) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect American Woodmark to post earnings of $1.32 per share and revenue of $405.72 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

American Woodmark (NASDAQ:AMWD) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.08 earnings per share for the quarter, missing the consensus estimate 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 previous year, the firm posted $2.36 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year.

American Woodmark Stock Performance

Shares of AMWD stock opened at $70.44 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.93. American Woodmark has a fifty-two week low of $69.78 and a fifty-two week high of $106.57. The stock has a 50 day moving average price of $78.50 and a two-hundred day moving average price of $87.40. The company has a market capitalization of $1.06 billion, a P/E ratio of 10.53 and a beta of 1.61.

Analyst Ratings Changes

AMWD has been the subject of several recent research reports. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their price objective on American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Loop Capital lowered their price objective on American Woodmark from $119.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, American Woodmark presently has a consensus rating of “Hold” and a consensus price target of $114.00.

Insider Activity at American Woodmark

In related news, Director James G. Davis sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $80.79, for a total transaction of $100,987.50. Following the completion of the transaction, the director now owns 24,573 shares in the company, valued at $1,985,252.67. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Scott Culbreth sold 3,500 shares of the company’s 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 transaction, the chief executive officer now owns 106,432 shares of the company’s stock, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,250 shares of company stock worth $789,898 over the last quarter. 1.30% of the stock is owned by corporate insiders.

About American Woodmark

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.