BofA: Investors pour into bonds, pull back from crypto
In a challenging market environment, American Vanguard Corp (NYSE:AVD)’s stock has touched a 52-week low, dipping to $4.13. According to InvestingPro data, the company maintains a solid dividend track record spanning 29 years, currently yielding 2.81%. This latest price level reflects a significant downturn for the company over the past year, with the stock experiencing a precipitous decline of 67.23% from its value a year ago. Investors are closely monitoring the company’s performance, seeking signs of a turnaround that could suggest a rebound from this low point. While currently trading at just 0.36 times book value, analysts maintain a $14 price target, suggesting significant upside potential. For deeper insights and additional analysis, check out the comprehensive Pro Research Report available on InvestingPro. The agricultural products company, known for its diversified portfolio of products including insecticides, fungicides, and herbicides, faces market headwinds that have impacted its stock performance, leading to the current low. Despite current challenges, InvestingPro analysis indicates the company is expected to return to profitability this year, with earnings scheduled to be reported in approximately 28 days.
In other recent news, American Vanguard Corporation reported its fourth-quarter revenue, which fell short of analyst expectations. The company posted Q4 revenue of $169 million, slightly below the consensus estimate of $169.55 million. For the full year 2024, American Vanguard generated approximately $550 million in revenue, with a figure of $563 million when excluding the impact of a product recall. Looking ahead, the company provided fiscal 2025 revenue guidance between $565-585 million, which is below analyst projections of $585 million. American Vanguard also set an adjusted EBITDA target range of $45-52 million for 2025.
The company took approximately $118 million in non-recurring cash and non-cash charges in 2024 as part of its efforts to reposition the business. Total (EPA:TTEF) debt was reduced to $156 million by year-end, down from $179 million at the end of the third quarter. The company expects capital expenditures of about $10 million in 2025 and anticipates improved free cash flow, which will be directed towards debt reduction.
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