Wall Street analysts expect Armstrong World Industries Inc (NYSE:AWI) to report $1.30 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Armstrong World Industries’ earnings, with estimates ranging from $1.26 to $1.34. Armstrong World Industries reported earnings of $1.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.1%. The firm is expected to issue its next earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that Armstrong World Industries will report full year earnings of $4.58 per share for the current financial year, with EPS estimates ranging from $4.48 to $4.64. For the next year, analysts forecast that the business will post earnings of $5.13 per share, with EPS estimates ranging from $5.00 to $5.26. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Armstrong World Industries.
Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, July 29th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $272.00 million during the quarter, compared to analyst estimates of $278.75 million. Armstrong World Industries had a return on equity of 77.10% and a net margin of 20.17%. Armstrong World Industries’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share.
AWI has been the subject of a number of recent research reports. Deutsche Bank restated a “buy” rating and issued a $107.00 target price on shares of Armstrong World Industries in a research note on Monday, June 24th. ValuEngine lowered Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. KeyCorp upped their target price on Armstrong World Industries from $95.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. SunTrust Banks upped their target price on Armstrong World Industries to $109.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. They noted that the move was a valuation call. Finally, Bank of America upped their target price on Armstrong World Industries from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $91.45.
Shares of NYSE AWI opened at $94.85 on Tuesday. The business has a fifty day simple moving average of $95.40 and a 200 day simple moving average of $89.28. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.29 and a beta of 1.58. Armstrong World Industries has a one year low of $54.34 and a one year high of $104.50.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, August 7th. Armstrong World Industries’s dividend payout ratio (DPR) is 19.13%.
A number of large investors have recently made changes to their positions in AWI. Price T Rowe Associates Inc. MD grew its position in Armstrong World Industries by 56.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,472,013 shares of the construction company’s stock valued at $629,080,000 after acquiring an additional 2,338,327 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Armstrong World Industries by 22.1% during the first quarter. Lazard Asset Management LLC now owns 5,801,842 shares of the construction company’s stock worth $460,782,000 after purchasing an additional 1,048,317 shares during the last quarter. FMR LLC grew its holdings in shares of Armstrong World Industries by 77.9% during the first quarter. FMR LLC now owns 1,426,367 shares of the construction company’s stock worth $113,282,000 after purchasing an additional 624,611 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Armstrong World Industries by 359.1% during the second quarter. JPMorgan Chase & Co. now owns 498,919 shares of the construction company’s stock worth $48,804,000 after purchasing an additional 390,234 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Armstrong World Industries during the second quarter worth $28,325,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.
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