American Woodmark (NASDAQ:AMWD) Posts Quarterly Earnings Results, Beats Estimates By $0.34 EPS

American Woodmark (NASDAQ:AMWD - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.34, FiscalAI reports. The company had revenue of $324.30 million for the quarter, compared to the consensus estimate of $358.14 million. American Woodmark had a return on equity of 7.13% and a net margin of 3.94%.The firm's revenue was down 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share.Get American Woodmark alerts:American Woodmark Stock Down 0.1%Shares of NASDAQ AMWD traded down $0.07 during trading on Thursday, reaching $51.89. The company had a trading volume of 129,040 shares, compared to its average volume of 156,099. The business's 50-day moving average is $58.84 and its 200 day moving average is $60.77. The company has a quick ratio of 1.11, a current ratio of 2.15 and a debt-to-equity ratio of 0.39. The stock has a market cap of $755.98 million, a PE ratio of 12.33 and a beta of 1.27. American Woodmark has a 12-month low of $47.15 and a 12-month high of $72.15. Wall Street Analyst Weigh InAMWD has been the subject of a number of recent research reports. Robert W. Baird restated a "neutral" rating and issued a $60.00 price objective (up from $57.00) on shares of American Woodmark in a report on Monday, January 12th. Weiss Ratings reissued a "hold (c)" rating on shares of American Woodmark in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $66.00.Check Out Our Latest Analysis on AMWDInstitutional Inflows and OutflowsA number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in American Woodmark during the third quarter valued at approximately $57,000. Canada Pension Plan Investment Board bought a new stake in shares of American Woodmark in the second quarter worth $64,000. Osaic Holdings Inc. lifted its holdings in American Woodmark by 19.9% in the second quarter. Osaic Holdings Inc. now owns 2,147 shares of the company's stock valued at $115,000 after acquiring an additional 357 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of American Woodmark by 399.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,252 shares of the company's stock valued at $120,000 after purchasing an additional 1,801 shares during the period. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of American Woodmark during the 3rd quarter valued at about $120,000. 95.47% of the stock is owned by institutional investors. About American Woodmark (Get Free Report)American Woodmark Corporation is a leading manufacturer and distributor of kitchen cabinets and bathroom vanities in North America. The company designs, builds and ships cabinetry products for a broad range of residential customers, including new-home builders, professional remodelers and specialty dealers. Its portfolio encompasses framed and frameless cabinet lines, along with accessory products such as mouldings, panels and hardware components. American Woodmark's products are sold under the American Woodmark and Waypoint Living Spaces brands through a diversified network of home centers, independent dealers and direct-to-builder channels. Headquartered in Winchester, Virginia, American Woodmark was founded in 1980 and has grown through a combination of organic expansion and strategic acquisitions.Further ReadingFive stocks we like better than American WoodmarkGold Ran First - but This Cycle May Belong to SilverRead this or regret it foreverA $1.57 Billion Bet on North American GoldElon Musk already made me a “wealthy man”The free stock picks nobody’s talking aboutThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in American Woodmark Right Now?Before you consider American Woodmark, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Woodmark wasn't on the list.While American Woodmark currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here