Brokerages Anticipate Armstrong Flooring Inc (AFI) to Post -$0.20 EPS

Equities research analysts expect Armstrong Flooring Inc (NYSE:AFI) to post ($0.20) earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Armstrong Flooring’s earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at ($0.16). Armstrong Flooring reported earnings per share of ($0.09) in the same quarter last year, which would suggest a negative year over year growth rate of 122.2%. The company is scheduled to report its next quarterly earnings report on Monday, March 5th.

According to Zacks, analysts expect that Armstrong Flooring will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.20. For the next year, analysts forecast that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.21 to $0.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Armstrong Flooring.

Armstrong Flooring (NYSE:AFI) last announced its earnings results on Monday, November 6th. The construction company reported $0.20 earnings per share 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 during the quarter, compared to analyst estimates of $294.68 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year.

AFI has been the subject of several analyst reports. Zacks Investment Research raised shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, January 9th. TheStreet raised shares of Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Finally, SunTrust Banks reissued a “hold” rating and issued a $15.00 target price on shares of Armstrong Flooring in a research note on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.33.

Shares of Armstrong Flooring (NYSE:AFI) traded down $0.07 during mid-day trading on Friday, reaching $16.65. 103,533 shares of the company traded hands, compared to its average volume of 63,376. Armstrong Flooring has a 12-month low of $13.32 and a 12-month high of $22.96. The firm has a market cap of $428.32, a P/E ratio of -16.49 and a beta of 4.92. The company has a quick ratio of 0.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.17.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in Armstrong Flooring by 25.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 254,357 shares of the construction company’s stock valued at $4,304,000 after buying an additional 51,961 shares during the period. California Public Employees Retirement System grew its holdings in Armstrong Flooring by 34.5% in the 3rd quarter. California Public Employees Retirement System now owns 81,051 shares of the construction company’s stock valued at $1,277,000 after buying an additional 20,801 shares during the period. Epoch Investment Partners Inc. grew its holdings in Armstrong Flooring by 0.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,046,879 shares of the construction company’s stock valued at $16,489,000 after buying an additional 7,051 shares during the period. OxFORD Asset Management LLP grew its holdings in Armstrong Flooring by 117.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 56,477 shares of the construction company’s stock valued at $891,000 after buying an additional 30,466 shares during the period. Finally, KBC Group NV grew its holdings in Armstrong Flooring by 17.7% in the 3rd quarter. KBC Group NV now owns 21,966 shares of the construction company’s stock valued at $346,000 after buying an additional 3,303 shares during the period. Institutional investors own 98.53% of the company’s stock.

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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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