Zacks: Armstrong Flooring, Inc. (AFI) Given Consensus Rating of “Hold” by Analysts
Armstrong Flooring, Inc. (NYSE:AFI) has earned a consensus broker rating score of 3.00 (Hold) from the five analysts that cover the stock, Zacks Investment Research reports. Five investment analysts have rated the stock with a hold rating.
Brokerages have set a 12 month consensus target price of $15.75 for the company and are anticipating that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also given Armstrong Flooring an industry rank of 7 out of 265 based on the ratings given to its competitors.
Several brokerages have commented on AFI. Stifel Nicolaus restated a “hold” rating and set a $20.00 price objective on shares of Armstrong Flooring in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. SunTrust Banks, Inc. restated a “hold” rating and set a $15.00 price objective on shares of Armstrong Flooring in a research report on Monday, October 2nd. Nomura restated a “neutral” rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Finally, Gabelli downgraded shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a research report on Tuesday, August 8th.
Shares of Armstrong Flooring (NYSE:AFI) traded up $0.24 during mid-day trading on Thursday, hitting $16.13. The company had a trading volume of 162,974 shares, compared to its average volume of 203,246. The company has a current ratio of 2.66, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $414.95 and a PE ratio of 66.83. Armstrong Flooring has a fifty-two week low of $13.32 and a fifty-two week high of $22.96.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings data on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07). Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The firm had revenue of $308.50 million for the quarter, compared to analyst estimates of $294.68 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. equities research analysts predict that Armstrong Flooring will post 0.15 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Zacks: Armstrong Flooring, Inc. (AFI) Given Consensus Rating of “Hold” by Analysts” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/16/zacks-armstrong-flooring-inc-afi-given-consensus-rating-of-hold-by-analysts.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Armstrong Flooring Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring Inc. and related companies with MarketBeat.com's FREE daily email newsletter.