Zacks: Brokerages Set $15.75 Target Price for Armstrong Flooring, Inc. (AFI)
Shares of Armstrong Flooring, Inc. (NYSE:AFI) have been assigned an average broker rating score of 3.00 (Hold) from the five brokers that provide coverage for the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $15.75 for the company and are predicting 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 6 out of 265 based on the ratings given to related companies.
AFI has been the subject of several analyst reports. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $15.00 price objective on shares of Armstrong Flooring in a research note on Friday, November 3rd. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price target on shares of Armstrong Flooring in a report on Monday, August 7th. TheStreet cut Armstrong Flooring from a “c-” rating to a “d+” rating in a report on Monday, August 21st. Zacks Investment Research upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Nomura restated a “neutral” rating on shares of Armstrong Flooring in a report on Tuesday, August 8th.
Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in Armstrong Flooring by 46.9% in the second quarter. Russell Investments Group Ltd. now owns 771,147 shares of the construction company’s stock worth $13,856,000 after purchasing an additional 246,357 shares in the last quarter. Strs Ohio boosted its stake in Armstrong Flooring by 1.9% in the second quarter. Strs Ohio now owns 37,700 shares of the construction company’s stock valued at $677,000 after acquiring an additional 700 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Armstrong Flooring during the second quarter valued at approximately $742,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Armstrong Flooring by 40.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 130,850 shares of the construction company’s stock valued at $2,352,000 after buying an additional 37,543 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Armstrong Flooring during the second quarter valued at approximately $1,651,000.
Armstrong Flooring (AFI) traded up $0.30 during trading on Monday, hitting $16.82. The stock had a trading volume of 53,152 shares, compared to its average volume of 202,741. Armstrong Flooring has a fifty-two week low of $13.32 and a fifty-two week high of $22.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.66 and a quick ratio of 0.98. The stock has a market cap of $424.98, a P/E ratio of 68.83 and a beta of 4.50.
Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.07). The company had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $294.68 million. Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. sell-side analysts forecast that Armstrong Flooring will post 0.15 earnings per share for the current year.
Armstrong Flooring Company Profile
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.
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