American Woodmark (AMWD) Projected to Post Earnings on Thursday

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

American Woodmark (NASDAQ:AMWD) last issued its quarterly earnings results 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). The firm had revenue of $452.50 million during the quarter, compared to analysts’ expectations of $458.29 million. American Woodmark had a return on equity of 12.70% and a net margin of 5.90%. American Woodmark’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.36 earnings per share.

American Woodmark Price Performance

Shares of AMWD stock opened at $70.44 on Tuesday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.53 and a beta of 1.61. The business’s fifty day moving average is $78.50 and its 200 day moving average is $87.40. American Woodmark has a twelve month low of $69.78 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.

Insider Transactions at American Woodmark

In related news, Director James G. Davis sold 1,250 shares of the stock in a transaction 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 sale, the director now directly owns 24,573 shares of the company’s stock, valued at $1,985,252.67. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Scott Culbreth sold 3,500 shares of the 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 sale, the chief executive officer now directly owns 106,432 shares in the company, 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. Over the last three months, insiders have sold 9,250 shares of company stock valued at $789,898. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.