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TheStreet Open House

Why American Woodmark (AMWD) Stock Is Surging Today

Stocks in this article: AMWD

NEW YORK (TheStreet) -- Shares of American Woodmark Corp. (AMWD) are climbing higher by 16.37% to $36.46 in mid-morning trading on Tuesday, after the company reported a rise in net income for the 2015 fiscal year to $9.2 million, or 43 cents per diluted share, compared to $6.7 million, or 43 cents per diluted share for last year's fiscal first quarter.

The company, which manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets, posted an increase in adjusted net income to $8.2 million, or 52 cents per diluted share, from $6.7 million, or 43 cents per share for the 2014 fiscal first quarter.

Analysts polled by Thomson Reuters expected earnings of 43 cents for the quarter.

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American Woodmark said net sales for the fiscal 2015 first quarter rose 19% to $211.9 million versus $178 million for the year ago period, while analysts expected $196.9 million for the quarter.

Separately, TheStreet Ratings team rates AMERICAN WOODMARK CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AMERICAN WOODMARK CORP (AMWD) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."

You can view the full analysis from the report here: AMWD Ratings Report

AMWD Chart AMWD data by YCharts

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