Equities research analysts expect Armstrong Flooring, Inc. (NYSE:AFI) to report sales of $261.25 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Armstrong Flooring’s earnings, with the highest sales estimate coming in at $261.90 million and the lowest estimate coming in at $260.60 million. Armstrong Flooring reported sales of $271.70 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The business is expected to issue its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Armstrong Flooring will report full-year sales of $261.25 million for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report sales of $1.13 billion per share, with estimates ranging from $1.12 billion to $1.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Armstrong Flooring.

Armstrong Flooring (NYSE:AFI) last posted its earnings results on Monday, November 6th. The construction company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.07). The business had revenue of $308.50 million for the quarter, compared to the consensus estimate of $294.68 million. Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share.

Several research analysts have weighed in on AFI shares. Zacks Investment Research upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. SunTrust Banks reiterated a “hold” rating and set a $15.00 target price on shares of Armstrong Flooring in a report on Friday, November 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price target on shares of Armstrong Flooring in a research note on Monday, August 7th. TheStreet downgraded Armstrong Flooring from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Finally, Nomura reissued a “neutral” rating on shares of Armstrong Flooring in a research note on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.20.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AFI. River Road Asset Management LLC acquired a new stake in shares of Armstrong Flooring in the 2nd quarter valued at about $26,898,000. Wells Fargo & Company MN raised its stake in shares of Armstrong Flooring by 3,131.5% in the 2nd quarter. Wells Fargo & Company MN now owns 512,971 shares of the construction company’s stock valued at $9,219,000 after purchasing an additional 497,097 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Armstrong Flooring by 28.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,361,590 shares of the construction company’s stock valued at $24,468,000 after purchasing an additional 298,068 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Armstrong Flooring by 46.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 771,147 shares of the construction company’s stock valued at $13,856,000 after purchasing an additional 246,357 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Armstrong Flooring by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,652,697 shares of the construction company’s stock valued at $29,699,000 after purchasing an additional 217,579 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong Flooring (NYSE AFI) opened at $17.38 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 2.66. The firm has a market capitalization of $450.71, a PE ratio of 73.00 and a beta of 4.88. Armstrong Flooring has a twelve month low of $13.32 and a twelve month high of $22.96.

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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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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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