Armstrong World Industries Inc (NYSE:AWI) Announces Quarterly Earnings Results

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

Shares of Armstrong World Industries (NYSE:AWI) traded down $0.60 during trading hours on Tuesday, hitting $50.55. 381,700 shares of the company’s stock were exchanged, compared to its average volume of 497,462. 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 firm has a market cap of $2,650.00, a price-to-earnings ratio of 19.75, a PEG ratio of 1.52 and a beta of 1.73. Armstrong World Industries has a 1 year low of $38.45 and a 1 year high of $54.45.

Armstrong World Industries declared that its Board of Directors has initiated a share buyback program on Monday, October 30th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have weighed in on AWI shares. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $55.00 target price on shares of Armstrong World Industries in a research note on Wednesday, November 1st. BidaskClub cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet upgraded shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, KeyCorp restated a “hold” rating on shares of Armstrong World Industries in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://weekherald.com/2017/11/14/armstrong-world-industries-inc-awi-releases-quarterly-earnings-results-misses-expectations-by-0-03-eps.html.

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.

Earnings History for Armstrong World Industries (NYSE:AWI)

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

Leave a Reply