American Woodmark Corporation (AMWD) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $1.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.32. Analysts had a consensus of $0.94. The company posted revenue of $258.20 million in the period, compared to analysts expectations of $261.65 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.
Many Wall Street Analysts have commented on American Woodmark Corporation. Robert W. Baird Upgraded American Woodmark Corporation on Jun 3, 2016 to ” Outperform”, Price Target of the shares are set at $78.
American Woodmark Corporation closed down -0.17 points or -0.23% at $74.94 with 1,44,716 shares getting traded on Friday. Post opening the session at $74.98, the shares hit an intraday low of $73.51 and an intraday high of $76 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 8, 2016, Michael Scott Culbreth (SVP & CFO) sold 3,999 shares at $70.00 per share price. According to the SEC, on Jul 6, 2016, Steven Cary Dunston (President & C.E.O.) sold 4,533 shares at $68.00 per share price. On Jun 24, 2016, Kent Guichard (CHAIRMAN OF THE BOARD) sold 2,709 shares at $64.99 per share price, according to the Form-4 filing with the securities and exchange commission.
American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. The Company offers framed stock cabinets in approximately 600 different cabinet lines ranging from relatively inexpensive to medium-priced styles. Styles vary by design and color from natural wood finishes to low-pressure laminate surfaces. The product offering of stock cabinets includes 85 door designs in 19 colors. Stock cabinets consist of cabinet interiors of a range of dimensions and construction options and a maple oak cherry or hickory front frame door and/or drawer front. The Companys products are sold under the brand names of American Woodmark Timberlake Shenandoah Cabinetry Potomac and Waypoint Living Spaces.