$0.66 Earnings Per Share Expected for Armstrong World Industries Inc (AWI) This Quarter

Equities analysts expect Armstrong World Industries Inc (NYSE:AWI) to post earnings per share (EPS) of $0.66 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Armstrong World Industries’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.71. Armstrong World Industries posted earnings of $0.45 per share during the same quarter last year, which indicates a positive year over year growth rate of 46.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 26th.

On average, analysts expect that Armstrong World Industries will report full-year earnings of $2.85 per share for the current fiscal year, with EPS estimates ranging from $2.74 to $2.99. For the next financial year, analysts anticipate that the business will report earnings of $3.11 per share, with EPS estimates ranging from $2.96 to $3.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Armstrong World Industries.

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

A number of analysts have commented on the stock. Jefferies Group restated a “hold” rating and set a $66.00 price target on shares of Armstrong World Industries in a research note on Wednesday. Zacks Investment Research lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Nomura set a $65.00 target price on shares of Armstrong World Industries and gave the stock a “buy” rating in a research note on Tuesday, November 21st. SunTrust Banks reiterated a “buy” rating and issued a $62.00 target price on shares of Armstrong World Industries in a research note on Wednesday, November 22nd. Finally, KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.50.

Shares of Armstrong World Industries (NYSE:AWI) opened at $61.90 on Friday. The company has a market cap of $3,270.00, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.78. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.41 and a current ratio of 1.98. Armstrong World Industries has a one year low of $38.45 and a one year high of $64.60.

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

In other news, SVP Ellen R. Romano sold 33,087 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 14,769 shares in the company, valued at approximately $807,568.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AWI. Schwab Charles Investment Management Inc. boosted its holdings in shares of Armstrong World Industries by 97.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 355,648 shares of the construction company’s stock worth $16,360,000 after buying an additional 175,944 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Armstrong World Industries in the 2nd quarter worth about $357,000. SG Americas Securities LLC purchased a new position in shares of Armstrong World Industries in the 2nd quarter worth about $149,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Armstrong World Industries by 65.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,520 shares of the construction company’s stock worth $162,000 after buying an additional 1,391 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Armstrong World Industries in the 2nd quarter worth about $418,000.

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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.

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