Armstrong World Industries Inc (NYSE:AWI) to Release Earnings on Monday
Armstrong World Industries Inc (NYSE:AWI) is set to release its earnings data before the market opens on Monday, July 31st. Analysts expect Armstrong World Industries to post earnings of $0.68 per share for the quarter.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, May 1st. The construction company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Armstrong World Industries had a return on equity of 51.25% and a net margin of 11.48%. The firm had revenue of $315.40 million for the quarter, compared to analysts’ expectations of $298.69 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts expect Armstrong World Industries to post $2.71 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.
Shares of Armstrong World Industries Inc (AWI) opened at 45.40 on Monday. The stock has a market capitalization of $2.41 billion, a PE ratio of 17.41 and a beta of 1.63. The company’s 50 day moving average price is $44.83 and its 200 day moving average price is $43.76. Armstrong World Industries Inc has a 12 month low of $36.38 and a 12 month high of $48.00.
Several brokerages recently issued reports on AWI. Nomura began coverage on Armstrong World Industries in a report on Wednesday, April 12th. They set a “buy” rating and a $55.00 price objective for the company. Zacks Investment Research raised Armstrong World Industries from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Thursday, June 22nd. Instinet lifted their price objective on Armstrong World Industries from $20.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $50.00 price objective on shares of Armstrong World Industries in a report on Thursday, June 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Armstrong World Industries has a consensus rating of “Hold” and a consensus target price of $45.00.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.
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