American Vanguard Corporation (NYSE:AVD) Issues Earnings Results

American Vanguard Corporation (NYSE:AVD) posted its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01, Briefing.com reports. The firm had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share.

American Vanguard Corporation (AVD) opened at 19.70 on Friday. The stock has a market capitalization of $586.73 million, a PE ratio of 40.20 and a beta of 1.38. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $20.85. The firm’s 50-day moving average is $18.89 and its 200 day moving average is $17.32.

In related news, insider David` T. Johnson sold 6,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $19.00, for a total transaction of $114,000.00. Following the completion of the transaction, the insider now owns 35,040 shares in the company, valued at $665,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVD. Vanguard Group Inc. boosted its position in shares of American Vanguard Corporation by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock valued at $43,214,000 after buying an additional 74,966 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of American Vanguard Corporation by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,453,236 shares of the basic materials company’s stock valued at $42,318,000 after buying an additional 82,986 shares during the last quarter. Cove Street Capital LLC boosted its position in shares of American Vanguard Corporation by 9.4% in the first quarter. Cove Street Capital LLC now owns 1,351,750 shares of the basic materials company’s stock valued at $22,439,000 after buying an additional 116,215 shares during the last quarter. Heartland Advisors Inc. boosted its position in shares of American Vanguard Corporation by 32.6% in the second quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock valued at $15,033,000 after buying an additional 214,141 shares during the last quarter. Finally, Walthausen & Co. LLC boosted its position in shares of American Vanguard Corporation by 57.7% in the second quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after buying an additional 256,637 shares during the last quarter. Institutional investors and hedge funds own 77.75% of the company’s stock.

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Several research firms have issued reports on AVD. BidaskClub lowered shares of American Vanguard Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, July 7th. Roth Capital set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet upgraded shares of American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.33.

About American Vanguard Corporation

American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.

Earnings History for American Vanguard Corporation (NYSE:AVD)

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