Armstrong Flooring Inc (AFI) Given Consensus Rating of “Hold” by Brokerages

Shares of Armstrong Flooring Inc (NYSE:AFI) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $25.50.

AFI has been the topic of a number of research reports. TheStreet upgraded Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Zacks Investment Research downgraded Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $15.00 target price on shares of Armstrong Flooring in a research note on Friday, November 3rd.

Armstrong Flooring (NYSE:AFI) opened at $14.57 on Friday. The stock has a market capitalization of $380.73, a P/E ratio of -14.43 and a beta of 2.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 2.66. Armstrong Flooring has a 12 month low of $13.32 and a 12 month high of $22.96.

Armstrong Flooring (NYSE:AFI) last released its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The firm had revenue of $308.50 million for the quarter, compared to analysts’ expectations of $294.68 million. Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. analysts expect that Armstrong Flooring will post 0.15 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Armstrong Flooring in the 4th quarter valued at approximately $182,000. Voya Investment Management LLC lifted its holdings in shares of Armstrong Flooring by 13.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock valued at $231,000 after buying an additional 1,551 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Armstrong Flooring by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock valued at $351,000 after buying an additional 1,056 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Armstrong Flooring by 34.9% in the 2nd quarter. Alliancebernstein L.P. now owns 19,710 shares of the construction company’s stock valued at $354,000 after buying an additional 5,100 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Armstrong Flooring in the 4th quarter valued at approximately $336,000. 98.70% of the stock is owned by institutional investors and hedge funds.

WARNING: This article was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/02/10/armstrong-flooring-inc-afi-given-consensus-rating-of-hold-by-brokerages.html.

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.

Analyst Recommendations for Armstrong Flooring (NYSE:AFI)

Receive News & Ratings for Armstrong Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply