Why American Woodmark (AMWD) Is Down Today

NEW YORK (TheStreet) -- American Woodmark  (AMWD) plunged 11.99% to $32, down $4.36 from its previous close of $36.36, at the close of the trading day on Tuesday after the cabinet manufacturer reported third-quarter earnings that fell short of analysts' expectations.

The company reported earnings per share of 18 cents, nine cents below the Capital IQ consensus estimate of 27 cents. Revenue totaled $169 million for the quarter, slightly less than analysts' estimate of $169.83 million. American Woodmark also noted that its remodeling and new construction sectors grew during the third quarter, and the latter category's growth exceeded 25%.

The stock had a volume of 853,879, far greater than its average of 190,177. It hit a high of $34.90 and a low of $31.11 for the day. The stock holds a one-year high of $39.97 and a one-year low of $29.40.

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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."

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