According to Zacks, analysts expect that Armstrong World Industries will report full-year earnings of $4.46 per share for the current financial year, with EPS estimates ranging from $4.40 to $4.51. For the next fiscal year, analysts forecast that the business will report earnings of $5.02 per share, with EPS estimates ranging from $4.95 to $5.06. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Armstrong World Industries.
Wall Street analysts forecast that Armstrong World Industries Inc (NYSE:AWI) will post $0.94 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Armstrong World Industries’ earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.97. Armstrong World Industries posted earnings of $0.79 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 19%. The business is scheduled to announce its next earnings report on Monday, April 29th.
Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, February 25th. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). Armstrong World Industries had a net margin of 19.06% and a return on equity of 54.86%. The company had revenue of $238.90 million for the quarter, compared to analysts’ expectations of $239.46 million. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis.
Several brokerages recently issued reports on AWI. Zacks Investment Research downgraded Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. Nomura set a $73.00 price objective on Armstrong World Industries and gave the stock a “buy” rating in a research note on Tuesday, February 26th. KeyCorp increased their price objective on Armstrong World Industries from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 26th. Zelman & Associates raised Armstrong World Industries from a “sell” rating to a “hold” rating and set a $73.05 price objective for the company in a research note on Wednesday, March 6th. Finally, ValuEngine raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Armstrong World Industries has a consensus rating of “Hold” and a consensus price target of $76.88.
Shares of NYSE AWI opened at $73.47 on Monday. Armstrong World Industries has a 12 month low of $54.34 and a 12 month high of $75.67. The firm has a market cap of $3.57 billion, a PE ratio of 19.83, a P/E/G ratio of 1.01 and a beta of 1.83. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.37 and a quick ratio of 1.26.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Tuesday, March 5th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, March 4th. Armstrong World Industries’s dividend payout ratio (DPR) is currently 19.13%.
In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 456,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $73.25, for a total value of $33,402,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 1,725,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $73.69, for a total value of $127,115,250.00. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.
Large investors have recently made changes to their positions in the company. M&T Bank Corp lifted its position in shares of Armstrong World Industries by 5.5% during the 4th quarter. M&T Bank Corp now owns 3,907 shares of the construction company’s stock worth $229,000 after buying an additional 202 shares during the period. Captrust Financial Advisors lifted its position in shares of Armstrong World Industries by 13.4% during the 4th quarter. Captrust Financial Advisors now owns 2,604 shares of the construction company’s stock worth $152,000 after buying an additional 308 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Armstrong World Industries by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064 shares of the construction company’s stock worth $178,000 after buying an additional 356 shares during the period. Legal & General Group Plc lifted its position in shares of Armstrong World Industries by 1.2% during the 3rd quarter. Legal & General Group Plc now owns 32,576 shares of the construction company’s stock worth $2,267,000 after buying an additional 388 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of Armstrong World Industries during the 4th quarter worth approximately $29,000. 94.99% of the stock is currently owned by institutional investors.
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 worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.
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