American Woodmark (NASDAQ:AMWD) Issues Quarterly Earnings Results, Misses Expectations By $0.27 EPS

American Woodmark (NASDAQ:AMWD) announced its earnings results on Thursday. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.27), Zacks reports. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. The company had revenue of $397.58 million during the quarter, compared to analyst estimates of $405.72 million.

American Woodmark Stock Performance

AMWD traded up $0.12 on Friday, reaching $62.02. The company had a trading volume of 9,256 shares, compared to its average volume of 157,330. The stock has a market cap of $933.65 million, a P/E ratio of 9.27 and a beta of 1.61. 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 $60.98 and a fifty-two week high of $106.57. The company’s fifty day moving average is $77.68 and its 200 day moving average is $86.98.

Analyst Upgrades and Downgrades

AMWD has been the subject of a number of research reports. Wolfe Research downgraded American Woodmark from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 4th. Loop Capital reduced their price target 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. Finally, Robert W. Baird lifted their price objective on shares of American Woodmark from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, American Woodmark has an average rating of “Hold” and a consensus target price of $114.00.

Insiders Place Their Bets

In related news, Director James G. Davis sold 1,250 shares of American Woodmark 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the business’s stock in a transaction 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 owns 106,432 shares of the company’s stock, valued at $9,589,523.20. This trade represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock worth $789,898 over the last three months. Insiders own 1.30% of the company’s stock.

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.