Wall Street analysts forecast that Armstrong World Industries Inc (NYSE:AWI) will report $277.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Armstrong World Industries’ earnings, with the highest sales estimate coming in at $282.60 million and the lowest estimate coming in at $272.25 million. Armstrong World Industries posted sales of $248.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The firm is expected to report its next quarterly earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Armstrong World Industries will report full-year sales of $1.07 billion for the current year, with estimates ranging from $1.06 billion to $1.07 billion. For the next financial year, analysts expect that the firm will report sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Armstrong World Industries.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, April 29th. The construction company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. Armstrong World Industries had a net margin of 19.92% and a return on equity of 63.92%. The company had revenue of $242.10 million for the quarter, compared to the consensus estimate of $247.38 million. During the same period last year, the company posted $0.79 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on AWI shares. Nomura raised their price target on shares of Synchrony Financial from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Deutsche Bank reduced their price target on shares of from GBX 217 ($2.84) to GBX 175 ($2.29) and set a “sell” rating on the stock in a research note on Monday, June 24th. SunTrust Banks downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $43.00 to $39.05 in a research note on Tuesday, June 18th. Zacks Investment Research downgraded shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Finally, Bank of America lifted their target price on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Armstrong World Industries has an average rating of “Hold” and an average price target of $91.23.
Shares of AWI traded up $1.05 during mid-day trading on Friday, reaching $98.71. The company had a trading volume of 172,931 shares, compared to its average volume of 421,126. The business’s 50 day moving average price is $95.02. Armstrong World Industries has a 1-year low of $54.34 and a 1-year high of $100.37. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 2.67. The company has a market cap of $4.83 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.67.
In related news, insider Valueact Capital Master Fund, sold 63,910 shares of Armstrong World Industries stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $86.88, for a total transaction of $5,552,500.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ellen R. Romano sold 6,500 shares of Armstrong World Industries stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $88.21, for a total transaction of $573,365.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,188 shares of company stock worth $6,804,574. 1.70% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new position in shares of Armstrong World Industries in the 4th quarter worth approximately $29,000. Quadrant Capital Group LLC acquired a new position in shares of Armstrong World Industries in the 1st quarter worth approximately $52,000. Rockefeller Capital Management L.P. acquired a new position in shares of Armstrong World Industries in the 1st quarter worth approximately $167,000. Qtron Investments LLC acquired a new position in shares of Armstrong World Industries in the 1st quarter worth approximately $203,000. Finally, Captrust Financial Advisors increased its stake in shares of Armstrong World Industries by 13.4% in the 4th quarter. Captrust Financial Advisors now owns 2,604 shares of the construction company’s stock valued at $152,000 after acquiring an additional 308 shares in the last quarter.
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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