Armstrong World Industries Inc (AWI) Releases Earnings Results, Misses Expectations By $0.06 EPS
Armstrong World Industries Inc (NYSE:AWI) announced its quarterly earnings results on Monday. The construction company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06), Bloomberg Earnings reports. The firm had revenue of $351.90 million during the quarter, compared to analyst estimates of $357.29 million. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share.
Shares of Armstrong World Industries (NYSE:AWI) opened at 50.80 on Tuesday. Armstrong World Industries has a 1-year low of $36.38 and a 1-year high of $54.45. The company’s 50-day moving average price is $51.49 and its 200-day moving average price is $47.09. The company has a market capitalization of $2.69 billion, a PE ratio of 16.50 and a beta of 1.63.
A number of brokerages recently weighed in on AWI. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a research report on Tuesday, October 24th. Citigroup Inc. increased 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, October 20th. Deutsche Bank AG increased 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. TheStreet raised Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.00.
COPYRIGHT VIOLATION WARNING: “Armstrong World Industries Inc (AWI) Releases Earnings Results, Misses Expectations By $0.06 EPS” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/30/armstrong-world-industries-inc-awi-releases-quarterly-earnings-results-misses-expectations-by-0-03-eps.html.
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.
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.