American Vanguard (AVD) Set to Announce Quarterly Earnings on Thursday

American Vanguard (NYSE:AVD) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.

American Vanguard (NYSE:AVD) last released its earnings results on Thursday, March 14th. The basic materials company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $172.20 million during the quarter, compared to the consensus estimate of $172.70 million. American Vanguard had a net margin of 1.30% and a return on equity of 2.05%.

American Vanguard Stock Performance

Shares of NYSE:AVD traded up $0.04 during mid-day trading on Wednesday, reaching $12.27. The company had a trading volume of 10,130 shares, compared to its average volume of 193,297. The company’s 50-day moving average price is $11.77 and its 200-day moving average price is $10.76. American Vanguard has a one year low of $8.41 and a one year high of $18.77. The firm has a market cap of $353.31 million, a price-to-earnings ratio of 45.26 and a beta of 1.05. The company has a current ratio of 1.87, a quick ratio of 0.92 and a debt-to-equity ratio of 0.38.

American Vanguard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. American Vanguard’s payout ratio is 44.44%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com raised shares of American Vanguard from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Loop Capital lifted their price target on American Vanguard from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Roth Capital reissued a “buy” rating on shares of American Vanguard in a report on Wednesday, January 31st. Finally, Roth Mkm lifted their target price on American Vanguard from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, March 15th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $18.00.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.