Wall Street analysts predict that American Woodmark Co. (NASDAQ:AMWD) will post $423.56 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for American Woodmark’s earnings. The highest sales estimate is $423.63 million and the lowest is $423.50 million. American Woodmark posted sales of $274.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 54.2%. The firm is scheduled to announce its next earnings report on Friday, December 7th.

According to Zacks, analysts expect that American Woodmark will report full year sales of $1.69 billion for the current year. For the next year, analysts forecast that the company will post sales of $1.81 billion, with estimates ranging from $1.78 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for American Woodmark.

American Woodmark (NASDAQ:AMWD) last posted its quarterly earnings data on Monday, August 27th. The company reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.12. The company had revenue of $429.00 million during the quarter, compared to analysts’ expectations of $429.13 million. American Woodmark had a net margin of 4.68% and a return on equity of 18.61%. The firm’s revenue for the quarter was up 55.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share.

A number of equities analysts have weighed in on the stock. ValuEngine cut shares of American Woodmark from a “sell” rating to a “strong sell” rating in a research report on Monday, July 16th. Wells Fargo & Co started coverage on shares of American Woodmark in a report on Wednesday, June 27th. They set a “market perform” rating and a $100.00 target price for the company. BidaskClub lowered shares of American Woodmark from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research raised shares of American Woodmark from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, August 28th. Finally, Longbow Research lowered shares of American Woodmark to a “buy” rating and set a $123.00 target price for the company. in a report on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. American Woodmark currently has an average rating of “Hold” and a consensus price target of $114.75.

Institutional investors have recently added to or reduced their stakes in the company. Cutler Group LP grew its holdings in shares of American Woodmark by 1,010.0% during the second quarter. Cutler Group LP now owns 1,110 shares of the company’s stock worth $101,000 after buying an additional 1,010 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of American Woodmark by 149.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,319 shares of the company’s stock worth $121,000 after buying an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of American Woodmark by 375.0% during the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the company’s stock worth $172,000 after buying an additional 1,500 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of American Woodmark during the second quarter worth $210,000. Finally, Verition Fund Management LLC purchased a new stake in shares of American Woodmark during the second quarter worth $211,000. 81.74% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AMWD traded down $2.08 during trading hours on Friday, reaching $66.71. 234,404 shares of the company were exchanged, compared to its average volume of 197,705. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.35 and a current ratio of 2.06. The stock has a market capitalization of $1.38 billion, a PE ratio of 12.73, a P/E/G ratio of 1.14 and a beta of 1.89. American Woodmark has a twelve month low of $66.15 and a twelve month high of $148.44.

American Woodmark Company Profile

American Woodmark Corporation manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets in the United States. The company offers framed stock cabinets in approximately 420 various cabinet lines, which include 90 door designs in a range of painted and stained finishes on maple, cherry, and oak, as well as engineered fronts under the Duraform mark name.

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