Brokerages expect Armstrong World Industries Inc (NYSE:AWI) to announce $356.15 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Armstrong World Industries’ earnings, with estimates ranging from $355.20 million to $357.27 million. Armstrong World Industries reported sales of $334.90 million during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is expected to issue its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that Armstrong World Industries will report full year sales of $356.15 million for the current financial year. For the next financial year, analysts forecast that the business will report sales of $1.38 billion per share, with estimates ranging from $1.37 billion to $1.39 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last posted its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The firm had revenue of $330.80 million for the quarter, compared to the consensus estimate of $330.92 million. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis.

A number of brokerages have recently commented on AWI. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. Deutsche Bank AG raised their target price on shares of Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub raised shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Monday, April 24th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.43.

COPYRIGHT VIOLATION NOTICE: “Armstrong World Industries Inc (AWI) Expected to Post Quarterly Sales of $356.15 Million” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/11/armstrong-world-industries-inc-awi-expected-to-post-quarterly-sales-of-356-15-million.html.

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock valued at $122,000 after buying an additional 175 shares during the last quarter. Amalgamated Bank raised its position in shares of Armstrong World Industries by 3.2% in the first quarter. Amalgamated Bank now owns 6,666 shares of the construction company’s stock valued at $307,000 after buying an additional 204 shares during the last quarter. Emory University raised its position in shares of Armstrong World Industries by 0.6% in the first quarter. Emory University now owns 40,276 shares of the construction company’s stock valued at $1,855,000 after buying an additional 247 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Armstrong World Industries by 14.1% in the second quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock valued at $106,000 after buying an additional 286 shares during the last quarter. Finally, NGAM Advisors L.P. raised its position in shares of Armstrong World Industries by 0.5% in the second quarter. NGAM Advisors L.P. now owns 146,444 shares of the construction company’s stock valued at $6,737,000 after buying an additional 754 shares during the last quarter.

Armstrong World Industries (NYSE AWI) opened at 46.55 on Friday. The stock has a market cap of $2.46 billion, a P/E ratio of 15.12 and a beta of 1.65. The firm’s 50 day moving average price is $45.72 and its 200-day moving average price is $44.39. Armstrong World Industries has a 12-month low of $36.38 and a 12-month high of $49.55.

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.

Get a free copy of the Zacks research report on Armstrong World Industries (AWI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Armstrong World Industries (NYSE:AWI)

Receive News & Ratings for Armstrong World Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries Inc and related companies with MarketBeat.com's FREE daily email newsletter.