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American Vanguard Corporation (AVD)

NYSE - NYSE Delayed Price. Currency in USD
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16.69-0.02 (-0.12%)
At close: 4:00PM EDT
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  • S
    Steve-382
    OK, this is down about 20% from 52 week high. I think it should work its way back up as the year goes on. I added another 10% to my position recently. Of course, I could be completely wrong, but I think we could see decent earnings reports in the next few quarters.
  • s
    stocktargetadvior
    $AVD
    Target Raised by Loop Capital Buy USD 19 » USD 23
  • B
    Bully Bear
    28 cents consensus 17 cents !
  • S
    Steve-382
    Guess I am the only one following $AVD now, but that seemed like a decent earnings report and the guidance was pretty good all things considered.
  • S
    Steve-382
    Well, the numbers came in about where they had forecast a couple weeks ago, so no surprise there. Overall, I thought the CC was pretty positive. It was interesting to note that the operator said they had 17 people calling in on phone lines and 45 people on the webcast. I was surprised to hear that large of a number. This is one of my largest positions and I feel OK holding it for a while. If you missed the CC, it's worth listening when you have time.
  • S
    Steve-382
    Earnings Tuesday, May 8 after the close. Will be interesting to see what the numbers are.
  • S
    Steve-382
    Q4 Earnings should be out in a week or two. Yahoo says $0.18 and revs of $110M. That would be earnings growth for the year of 35% and revenue growth of 12%. Yahoo and I both think earnings next year could be up another 50% and revenues up 20% to 25%. If those numbers are close to accurate, it seems like AVD is undervalued. Just my thoughts going into the earnings report.
  • S
    Steve-382
    Is AVD share price being impacted by late season snows that might slow planting this spring? We lost over half of the gains from the last earnings report.
  • S
    Steve-382
    Bad weather is causing concern for product sales.
  • S
    Steve-382
    I may be wrong, but have been adding shares over the last week or so. Earnings out on Nov. 2 I think.
  • S
    Steve-382
    It wasn't much of a dividend, but they eliminated it anyhow.Strange times we live in when all the companies with dependable divvies cut them while the stock market is back at all time highs.
  • S
    Steve-382
    American Vanguard Acquires Australian Crop Protection Firm
    BUSINESS WIRE 9:00 AM ET 10/8/2020
    Symbol Last Price Change
    AVD 14up 0 (0%)
    QUOTES AS OF 04:10:00 PM ET 10/07/2020
    Strategic Opportunity to Expand Market Access in the Asia/Pacific Region

    NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- American Vanguard Corporation(AVD) , today announced that its wholly-owned subsidiary American Vanguard Australia Pty Ltd has acquired all shares of the Australian specialist agrochemical company, AgNova Technologies Pty Ltd. Details of the transaction were not disclosed.

    AgNova is focused on serving customers primarily in the value-added fruit and vegetables segment of the Australian market. It has a growing product portfolio and ample R&D resources to create a pipeline of tailored solutions to meet the needs of Australian growers.

    Eric Wintemute, Chairman and CEO of American Vanguard(AVD) commented, “American Vanguard is committed to increasing its existing footprint in the Australian and Asia/Pacific agrochemical market. The team at AgNova has done an excellent job of establishing their company as an innovative, reliable supplier and we look forward to building on that foundation of success going forward.”

    Mr. Wintemute concluded, “In addition to a strategic focus on high-value fruit and vegetable segments the combined commercial strength of American Vanguard(AVD) and AgNova can be used to expand SIMPAS® prescription application technology, Greenplants® liquid nutrition products and multiple bio-stimulants from our recent acquisition of Agrinos. Furthermore, we will gain global rights to a number of AgNova owned products that could offer significant commercial opportunities to AMVAC operations in many other countries.”
  • S
    Steve-382
    This could be a good year for $AVD. Will SIMPAS go commercial this year. An interesting article here if interested starting on page 48:

    http://digitaledition.qwinc.com/publication/?m=63835&i=687549&p=48
    America’s Conservation Ag Movement ACAM 2020 Report Page 48
    digitaledition.qwinc.com
  • J
    John
    Anybody like this stock at this price?
  • S
    Steve-382
    Another earnings warning this week, but the market response was a little delayed for some reason. Clearly I have no idea what I am doing, but I added quite a few shares today at prices from $13.50 down to $12.70. Sold some 2 days ago at $15.40. Seemed like a bargain at 20% down from Tuesday, but only time will tell. Still think farmers will need to plant and use AVD's products.
  • B
    Bully Bear
    It will trade similar to KMG after earnings should see 23 by Friday
  • S
    Steve-382
    Now that the Tax Cuts and Jobs Act is law and we kind of know some the details, I wonder how much of the reduction in taxes is already priced into the share price for AVD. A 21% rate would seem to increase reported earnings by about 20% compared to the 32% rate previously. Is this correct?

    From last 10-Q: The effective tax rate for the quarter was 32.1%, as compared to 31.3% in the same period of the prior year.
  • S
    Steve-382
    AVD announced today that its wholly-owned subsidiary AMVAC-Chemical Corporation has completed a strategic technology investment and licensing agreement with Vancouver, British Columbia based, Clean Seed Capital Group Ltd.(TSX-V:CSX)
    https://finance.yahoo.com/news/american-vanguard-forms-strategic-precision-130000886.html
  • S
    Steve-382
    So, Tractor Supply Co is up 10% today also. Guess maybe farmers are still going to be trying to get enough food for us to survive through the virus crisis. Thank you to the farmers.