Brokerages Anticipate Armstrong Flooring Inc. (AFI) to Announce $0.30 Earnings Per Share
Armstrong Flooring Inc. (NYSE:AFI) has been assigned a consensus broker rating score of 2.33 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Armstrong Flooring’s rating score has declined by 16.5% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus target price of $19.00 for the company and are predicting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also given Armstrong Flooring an industry rank of 111 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on AFI shares. Stifel Nicolaus started coverage on Armstrong Flooring in a research note on Wednesday, June 22nd. They issued a “hold” rating on the stock. Zacks Investment Research cut Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Gabelli began coverage on Armstrong Flooring in a research note on Tuesday, August 9th. They set a “buy” rating on the stock. Finally, SunTrust Banks Inc. cut Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Monday, August 15th.
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Shares of Armstrong Flooring (NYSE:AFI) traded down 0.11% during trading on Friday, hitting $17.87. The company had a trading volume of 59,980 shares. The firm has a market capitalization of $496.64 million and a P/E ratio of 105.12. Armstrong Flooring has a 1-year low of $11.77 and a 1-year high of $20.85. The company’s 50 day moving average is $19.19 and its 200 day moving average is $17.51.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Friday, August 12th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The company earned $323.70 million during the quarter, compared to analysts’ expectations of $326.60 million. Analysts anticipate that Armstrong Flooring will post $0.63 earnings per share for the current fiscal year.
Armstrong Flooring Company Profile
Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.
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