Equities research analysts expect that Armstrong World Industries Inc (NYSE:AWI) will announce earnings of $0.68 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Armstrong World Industries’ earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.74. Armstrong World Industries posted earnings per share of $0.45 during the same quarter last year, which indicates a positive year over year growth rate of 51.1%. The firm is expected to issue its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that Armstrong World Industries will report full year earnings of $2.79 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $2.87. For the next fiscal year, analysts expect that the business will post earnings of $3.05 per share, with EPS estimates ranging from $2.96 to $3.16. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Monday, October 30th. The construction company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.06). Armstrong World Industries had a net margin of 11.44% and a return on equity of 46.62%. The business had revenue of $351.90 million for the quarter, compared to the consensus estimate of $357.29 million. During the same quarter last year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis.

Several equities analysts have recently weighed in on AWI shares. Deutsche Bank raised their price objective on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Armstrong World Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, August 29th. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a report on Friday, September 22nd. Finally, Citigroup raised their target price on shares of Armstrong World Industries from $52.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $55.14.

Armstrong World Industries (NYSE AWI) traded up $0.80 during trading hours on Thursday, hitting $59.80. 622,600 shares of the stock traded hands, compared to its average volume of 505,565. Armstrong World Industries has a one year low of $38.45 and a one year high of $59.90. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.41 and a current ratio of 1.98. The company has a market cap of $3,120.44, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.79 and a beta of 1.73.

Armstrong World Industries declared that its Board of Directors has approved a stock repurchase program on Monday, October 30th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In other Armstrong World Industries news, SVP Ellen R. Romano sold 33,087 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $54.68, for a total value of $1,809,197.16. Following the completion of the transaction, the senior vice president now directly owns 14,769 shares in the company, valued at $807,568.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Armstrong World Industries by 14.1% in the second quarter. JPMorgan Chase & Co. now owns 2,310 shares of the construction company’s stock worth $106,000 after purchasing an additional 286 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Armstrong World Industries by 239.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,784 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,964 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Armstrong World Industries in the second quarter worth approximately $149,000. BNP Paribas Arbitrage SA lifted its position in shares of Armstrong World Industries by 65.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock worth $162,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Armstrong World Industries in the third quarter worth approximately $193,000.

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

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