American Vanguard Corp. (AVD) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.09. The company posted revenue of $72.70 million in the period, compared to analysts expectations of $72.10 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on American Vanguard Corp.. American Vanguard Corp. was Downgraded by BB&T Capital Mkts to ” Hold” on Jul 13, 2016.
American Vanguard Corp. closed down -0.36 points or -2.36% at $14.88 with 2,64,546 shares getting traded on Friday. Post opening the session at $15.15, the shares hit an intraday low of $14.79 and an intraday high of $15.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 9, 2016, Ulrich Trogele (officer ) purchased 15,000 shares at $13.25 per share price.
American Vanguard Corporation (AVD) operates as a holding company. The Company is primarily a specialty chemical manufacturer that develops and markets products for agricultural commercial and consumer uses. It manufactures and formulates chemicals for crops human and animal protection. It conducts its business through its subsidiaries which include AMVAC Chemical Corporation (AMVAC) GemChem Inc. 2110 Davie Corporation Quimica Amvac de Mexico S.A. de C.V. AMVAC Mexico Sociedad de Responsabilidad Limitada AMVAC de Costa Rica Sociedad de Responsabilidad Limitada AMVAC Switzerland GmbH AMVAC do Brasil Representacoes Ltda AMVAC CV AMVAC Netherlands BV and Envance Technologies LLC. AMVAC is its main operating subsidiary which owns and/or operates its domestic manufacturing facilities. AMVAC manufactures formulates packages and sells its products in the United States. AMVAC markets insecticides fungicides herbicides molluscicides growth regulators and soil fumigants.