American Vanguard Corporation (NYSE:AVD) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AVD is expected to report 3Q20 income of $ 0.13 per share from revenue of $ 121.10 million.
For the full year, analysts anticipate top line of $ 467.60 million, while looking forward to income of $ 0.47 per share bottom line.
Previous Quarter Performance
American Vanguard Corporation communicated income for the second quarter of $ 0.13 per share, from the revenue of $ 104.56 million. The quarterly earnings swell 18.18 percent while revenues shrunk 7.55 percent compared with the same quarter last year.
According to street consensus, AVD was expected to report 2Q20 income of $ 0.11 per share from revenue of $ 116.63 million. The bottom line results beat street analysts by $ 0.02 or 18.18 percent, at the same time, top line results fell short of analysts by $ 12.07 million or 10.35 percent.
Stock Performance
On Friday, shares of American Vanguard Corporation has traded high as $ 13.59 and has cracked $ 13.30 on the downward trend, reaching $ 13.35 with volume of 65.90 thousand shares.
According to the previous trading day, closing price of $ 13.35, representing a 17.89 % increase from the 52 week low of $ 11.35 and a 31.73 % decrease over the 52 week high of $ 19.60.
The company has a market capital of $ 402.89 million and is part of the Basic Materials sector and Agricultural Inputs industry.
Conference Call
American Vanguard Corporation will be hosting a conference call at 4:30 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.american-vanguard.com
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection. It also markets and distributes end-use chemical and biological products for crop applications; distributes chemicals for greenhouse and nursery production markets; and offers formulations, such as PCNB, chlorothalonil, and propiconazole under the FFII and FFIII names.
