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

American Woodmark (NASDAQ:AMWD) will likely be announcing its earnings results 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. Investors that wish to listen to 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 EPS 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 firm had revenue of $452.50 million for the quarter, compared to analyst estimates of $458.29 million. During the same quarter in the prior year, the firm earned $2.36 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

American Woodmark Stock Down 0.8 %

Shares of AMWD opened at $71.15 on Thursday. American Woodmark has a one year low of $69.78 and a one year high of $106.57. The company has a market cap of $1.07 billion, a P/E ratio of 10.64 and a beta of 1.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.93 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $78.26 and a two-hundred day simple moving average of $87.27.

Insider Buying and Selling at American Woodmark

In other news, CEO Michael Scott Culbreth sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $90.10, for a total transaction of $315,350.00. Following the transaction, the chief executive officer now owns 106,432 shares in the company, valued at approximately $9,589,523.20. This represents a 3.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James G. Davis sold 1,679 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $84.33, for a total transaction of $141,590.07. Following the transaction, the director now owns 28,644 shares in the company, valued at $2,415,548.52. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,250 shares of company stock valued at $789,898. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMWD shares. Robert W. Baird boosted their target price on shares of American Woodmark from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wolfe Research cut shares of American Woodmark from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital reduced their price objective on shares of American Woodmark from $119.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.