Armstrong Flooring, Inc. (NYSE:AFI) released its quarterly earnings results on Monday. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.12, Bloomberg Earnings reports. The firm had revenue of $297.30 million during the quarter, compared to the consensus estimate of $324.63 million. Armstrong Flooring had a negative net margin of 0.01% and a positive return on equity of 2.72%. The business’s revenue was down 8.2% on a year-over-year basis.

Shares of Armstrong Flooring (AFI) traded down 1.19% during trading on Tuesday, reaching $14.08. The company’s stock had a trading volume of 168,823 shares. The stock has a market cap of $389.50 million, a P/E ratio of 178.23 and a beta of 4.45. Armstrong Flooring has a 12-month low of $13.76 and a 12-month high of $22.96. The stock’s 50-day moving average is $17.93 and its 200-day moving average is $19.19.

Several research firms recently issued reports on AFI. Nomura restated a “neutral” rating and issued a $1.00 price target on shares of Armstrong Flooring in a research note on Tuesday. Gabelli downgraded Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 target price for the company. in a research report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price on shares of Armstrong Flooring in a research report on Monday. Zacks Investment Research upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Instinet upped their target price on Armstrong Flooring from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, April 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.40.

Several large investors have recently added to or reduced their stakes in AFI. Kirr Marbach & Co. LLC IN raised its stake in Armstrong Flooring by 47.6% in the second quarter. Kirr Marbach & Co. LLC IN now owns 24,490 shares of the construction company’s stock worth $440,000 after buying an additional 7,900 shares during the period. Marshall Wace North America L.P. raised its stake in Armstrong Flooring by 340.0% in the second quarter. Marshall Wace North America L.P. now owns 134,395 shares of the construction company’s stock worth $2,419,000 after buying an additional 103,853 shares during the period. KBC Group NV raised its stake in Armstrong Flooring by 1.2% in the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock worth $335,000 after buying an additional 225 shares during the period. Gamco Investors INC. ET AL raised its stake in Armstrong Flooring by 28.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,361,590 shares of the construction company’s stock worth $24,468,000 after buying an additional 298,068 shares during the period. Finally, Rhumbline Advisers raised its stake in Armstrong Flooring by 1.7% in the second quarter. Rhumbline Advisers now owns 28,206 shares of the construction company’s stock worth $507,000 after buying an additional 470 shares during the period. 99.44% of the stock is owned by institutional investors.

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About Armstrong Flooring

Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.

Earnings History for Armstrong Flooring (NYSE:AFI)

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