FY2024 EPS Estimates for American Woodmark Co. (NASDAQ:AMWD) Lowered by Jefferies Financial Group

American Woodmark Co. (NASDAQ:AMWDGet Rating) – Analysts at Jefferies Financial Group cut their FY2024 earnings per share estimates for American Woodmark in a note issued to investors on Wednesday, November 23rd. Jefferies Financial Group analyst C. Verron now anticipates that the company will post earnings of $5.20 per share for the year, down from their previous estimate of $5.22. The consensus estimate for American Woodmark’s current full-year earnings is $6.32 per share.

American Woodmark (NASDAQ:AMWDGet Rating) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.40. The company had revenue of $542.90 million during the quarter, compared to the consensus estimate of $514.10 million. American Woodmark had a net margin of 0.68% and a return on equity of 12.52%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share.

A number of other research firms have also recently issued reports on AMWD. Deutsche Bank Aktiengesellschaft cut their price objective on shares of American Woodmark from $45.00 to $39.00 and set a “sell” rating on the stock in a research report on Thursday, October 20th. TheStreet raised shares of American Woodmark from a “d+” rating to a “c” rating in a research report on Tuesday. StockNews.com initiated coverage on shares of American Woodmark in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Robert W. Baird lifted their target price on shares of American Woodmark from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 31st. Finally, Loop Capital lifted their target price on shares of American Woodmark from $47.00 to $49.00 in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.67.

American Woodmark Stock Performance

Shares of American Woodmark stock opened at $56.70 on Thursday. The company has a current ratio of 2.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $47.44 and a two-hundred day moving average price of $48.45. American Woodmark has a 1-year low of $40.70 and a 1-year high of $69.59. The company has a market cap of $942.35 million, a P/E ratio of 67.50 and a beta of 1.79.

Institutional Investors Weigh In On American Woodmark

Several large investors have recently modified their holdings of AMWD. Captrust Financial Advisors grew its stake in American Woodmark by 114.6% in the 1st quarter. Captrust Financial Advisors now owns 1,249 shares of the company’s stock valued at $61,000 after buying an additional 667 shares in the last quarter. Lazard Asset Management LLC purchased a new position in American Woodmark in the 3rd quarter valued at approximately $65,000. Quantbot Technologies LP purchased a new position in American Woodmark in the 3rd quarter valued at approximately $82,000. Public Employees Retirement System of Ohio grew its stake in American Woodmark by 13.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,382 shares of the company’s stock valued at $104,000 after buying an additional 285 shares in the last quarter. Finally, UBS Group AG grew its stake in American Woodmark by 3,874.2% in the 3rd quarter. UBS Group AG now owns 2,623 shares of the company’s stock valued at $116,000 after buying an additional 2,557 shares in the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.

About American Woodmark

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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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