Armstrong World Industries Inc. (AWI) Issues FY14 Earnings Guidance
Armstrong World Industries Inc. (NYSE:AWI) updated its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.55-2.80 for the period, compared to the Thomson Reuters consensus estimate of $3.17, Stock Ratings Network reports. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.89 billion.
Armstrong World Industries Inc. (NYSE:AWI) opened at 59.27 on Monday. Armstrong World Industries Inc. has a one year low of $44.93 and a one year high of $61.90. The stock has a 50-day moving average of $58.60 and a 200-day moving average of $54.21. The company has a market cap of $3.210 billion and a P/E ratio of 38.82.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.09. The company had revenue of $661.30 million for the quarter, compared to the consensus estimate of $654.23 million. On average, analysts predict that Armstrong World Industries Inc. will post $2.13 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Gabelli upgraded shares of Armstrong World Industries from a hold rating to a buy rating in a research note on Tuesday, February 4th. They now have a $100.00 price target on the stock, up previously from $67.00. On a related note, analysts at Barclays raised their price target on shares of Armstrong World Industries from $65.00 to $70.00 in a research note on Monday, January 27th. They now have an overweight rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Armstrong World Industries in a research note on Friday, January 24th. They now have a $62.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $69.71.
Armstrong World Industries, Inc (NYSE:AWI) is a global producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings.
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