Brokerages expect Armstrong World Industries Inc (NYSE:AWI) to post $0.92 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Armstrong World Industries’ earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $0.93. Armstrong World Industries posted earnings per share of $0.76 during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.1%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, October 30th.

According to Zacks, analysts expect that Armstrong World Industries will report full year earnings of $2.74 per share for the current financial year, with EPS estimates ranging from $2.71 to $2.80. For the next fiscal year, analysts expect that the business will post earnings of $3.04 per share, with EPS estimates ranging from $2.96 to $3.13. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Armstrong World Industries.

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

Several equities research analysts have weighed in on the stock. Citigroup Inc. lifted their price target on shares of Armstrong World Industries from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday. ValuEngine downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $50.00 price target on shares of Armstrong World Industries in a research note on Tuesday, August 29th. Finally, BidaskClub upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Armstrong World Industries presently has a consensus rating of “Hold” and an average target price of $48.00.

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Armstrong World Industries (AWI) opened at 53.55 on Monday. The company has a 50-day moving average of $50.83 and a 200-day moving average of $46.70. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 17.39 and a beta of 1.63. Armstrong World Industries has a 52 week low of $36.38 and a 52 week high of $54.45.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Armstrong World Industries by 71.8% during the second quarter. Public Employees Retirement System of Ohio now owns 25,177 shares of the construction company’s stock valued at $1,158,000 after buying an additional 10,522 shares during the last quarter. Timucuan Asset Management Inc. FL acquired a new position in shares of Armstrong World Industries during the second quarter valued at about $19,748,000. MIG Capital LLC grew its holdings in shares of Armstrong World Industries by 10.1% during the second quarter. MIG Capital LLC now owns 630,101 shares of the construction company’s stock valued at $28,985,000 after buying an additional 58,043 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Armstrong World Industries during the second quarter valued at about $690,000. Finally, State Street Corp grew its holdings in shares of Armstrong World Industries by 3.3% during the second quarter. State Street Corp now owns 1,014,984 shares of the construction company’s stock valued at $46,689,000 after buying an additional 32,325 shares during the last quarter.

About Armstrong World Industries

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

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