Brokerages expect Armstrong Flooring Inc (NYSE:AFI) to post $0.26 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Armstrong Flooring’s earnings, with estimates ranging from $0.22 to $0.30. Armstrong Flooring also posted earnings per share of $0.26 during the same quarter last year. The company is expected to report its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Armstrong Flooring will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.06 to $0.37. For the next fiscal year, analysts anticipate that the company will report earnings of $0.53 per share, with EPS estimates ranging from $0.19 to $0.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Armstrong Flooring.
Armstrong Flooring (NYSE:AFI) last posted its earnings results on Tuesday, May 8th. The construction company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The business had revenue of $257.90 million for the quarter, compared to the consensus estimate of $263.24 million. Armstrong Flooring had a positive return on equity of 0.56% and a negative net margin of 3.94%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) earnings per share.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Stifel Nicolaus decreased their target price on shares of Armstrong Flooring from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.25.
Several large investors have recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of Armstrong Flooring by 43.6% during the first quarter. Millennium Management LLC now owns 257,279 shares of the construction company’s stock worth $3,491,000 after acquiring an additional 78,091 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Armstrong Flooring by 11.3% during the first quarter. Ancora Advisors LLC now owns 533,232 shares of the construction company’s stock worth $7,236,000 after acquiring an additional 54,146 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Armstrong Flooring by 19.6% during the first quarter. Citadel Advisors LLC now owns 126,843 shares of the construction company’s stock worth $1,721,000 after acquiring an additional 20,807 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Armstrong Flooring by 5.1% during the first quarter. Russell Investments Group Ltd. now owns 676,059 shares of the construction company’s stock worth $9,174,000 after acquiring an additional 32,746 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Armstrong Flooring by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,093,076 shares of the construction company’s stock worth $28,403,000 after acquiring an additional 136,104 shares in the last quarter. 96.71% of the stock is owned by institutional investors.
Shares of NYSE:AFI traded down $0.04 during midday trading on Friday, hitting $14.04. 87,700 shares of the company’s stock were exchanged, compared to its average volume of 116,474. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.59 and a quick ratio of 1.01. The company has a market cap of $367.29 million, a PE ratio of 66.86, a PEG ratio of 2.69 and a beta of 2.37. Armstrong Flooring has a 12 month low of $12.03 and a 12 month high of $18.60.
About Armstrong Flooring
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.
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