Jefferies Financial Group Weighs in on American Woodmark Co.’s Q2 2023 Earnings (NASDAQ:AMWD)

American Woodmark Co. (NASDAQ:AMWDGet Rating) – Research analysts at Jefferies Financial Group increased their Q2 2023 EPS estimates for shares of American Woodmark in a research note issued on Wednesday, August 31st. Jefferies Financial Group analyst C. Verron now expects that the company will post earnings per share of $2.06 for the quarter, up from their previous forecast of $1.30. The consensus estimate for American Woodmark’s current full-year earnings is $5.04 per share. Jefferies Financial Group also issued estimates for American Woodmark’s Q3 2023 earnings at $1.72 EPS, FY2023 earnings at $7.35 EPS and FY2024 earnings at $5.22 EPS.

A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on American Woodmark in a report on Wednesday, August 17th. They issued a “sell” rating and a $45.00 target price on the stock. Robert W. Baird increased their target price on American Woodmark from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Wednesday. Loop Capital increased their target price on American Woodmark from $47.00 to $49.00 in a report on Wednesday. Finally, StockNews.com upgraded American Woodmark from a “sell” rating to a “hold” rating in a report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, American Woodmark presently has an average rating of “Hold” and a consensus target price of $57.25.

American Woodmark Price Performance

Shares of AMWD opened at $51.43 on Friday. American Woodmark has a 12-month low of $40.70 and a 12-month high of $76.36. The business’s fifty day moving average is $48.39 and its 200 day moving average is $50.07. The company has a quick ratio of 0.93, a current ratio of 1.98 and a debt-to-equity ratio of 0.66. The stock has a market cap of $853.43 million, a P/E ratio of -29.22 and a beta of 1.91.

American Woodmark (NASDAQ:AMWDGet Rating) last announced its quarterly earnings data on Tuesday, August 30th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.29 by $0.42. The company had revenue of $542.90 million during the quarter, compared to the consensus estimate of $514.10 million. American Woodmark had a negative net margin of 1.60% and a positive return on equity of 7.30%. The company’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS.

Insider Buying and Selling at American Woodmark

In related news, CEO Michael Scott Culbreth acquired 2,000 shares of the company’s stock in a transaction on Wednesday, June 22nd. The shares were acquired at an average cost of $41.13 per share, for a total transaction of $82,260.00. Following the purchase, the chief executive officer now owns 57,930 shares in the company, valued at $2,382,660.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other American Woodmark news, CEO Michael Scott Culbreth bought 2,000 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were bought at an average cost of $41.13 per share, for a total transaction of $82,260.00. Following the purchase, the chief executive officer now directly owns 57,930 shares of the company’s stock, valued at approximately $2,382,660.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Vance W. Tang bought 10,000 shares of the stock in a transaction dated Thursday, June 23rd. The shares were acquired at an average price of $41.95 per share, for a total transaction of $419,500.00. Following the completion of the purchase, the director now directly owns 57,594 shares in the company, valued at $2,416,068.30. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On American Woodmark

A number of hedge funds have recently made changes to their positions in AMWD. Prescott Group Capital Management L.L.C. purchased a new stake in American Woodmark in the 1st quarter worth about $343,000. Systematic Financial Management LP increased its holdings in American Woodmark by 1.4% in the 4th quarter. Systematic Financial Management LP now owns 313,089 shares of the company’s stock worth $20,413,000 after acquiring an additional 4,428 shares during the last quarter. Western Standard LLC increased its holdings in American Woodmark by 18.6% in the 4th quarter. Western Standard LLC now owns 100,604 shares of the company’s stock worth $6,559,000 after acquiring an additional 15,809 shares during the last quarter. Pzena Investment Management LLC increased its holdings in American Woodmark by 16.1% in the 1st quarter. Pzena Investment Management LLC now owns 854,538 shares of the company’s stock worth $41,830,000 after acquiring an additional 118,342 shares during the last quarter. Finally, Timelo Investment Management Inc. purchased a new stake in American Woodmark in the 4th quarter worth about $1,630,000. 91.57% of the stock is currently owned by institutional investors.

About American Woodmark

(Get Rating)

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.

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Earnings History and Estimates for American Woodmark (NASDAQ:AMWD)

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