Armstrong World Industries Inc (AWI) Set to Announce Earnings on Monday
Armstrong World Industries Inc (NYSE:AWI) is set to release its earnings data before the market opens on Monday, October 30th. Analysts expect Armstrong World Industries to post earnings of $0.89 per share for the quarter. Armstrong World Industries has set its FY17 guidance at $2.65-2.75 EPS.
Armstrong World Industries (NYSE:AWI) last issued its earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. During the same period in the prior year, the firm posted $0.56 EPS. Armstrong World Industries’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Armstrong World Industries to post $2.73 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.
Armstrong World Industries Inc (NYSE:AWI) opened at 53.55 on Monday. Armstrong World Industries Inc has a one year low of $36.38 and a one year high of $54.45. The stock has a 50 day moving average price of $50.83 and a 200-day moving average price of $46.70. The firm has a market capitalization of $2.83 billion, a PE ratio of 17.39 and a beta of 1.63.
Several equities research analysts have weighed in on the company. Citigroup Inc. upped their target price on Armstrong World Industries from $52.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday. KeyCorp restated a “hold” rating on shares of Armstrong World Industries in a research note on Friday, September 22nd. Royal Bank Of Canada restated a “hold” rating and set a $50.00 target price on shares of Armstrong World Industries in a research note on Tuesday, August 29th. BidaskClub cut Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Deutsche Bank AG upped their target price on Armstrong World Industries from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $48.00.
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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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