Analysts expect Armstrong World Industries Inc (NYSE:AWI) to report sales of $231.83 million for the current quarter, Zacks reports. Three analysts have made estimates for Armstrong World Industries’ earnings, with the highest sales estimate coming in at $233.80 million and the lowest estimate coming in at $229.20 million. Armstrong World Industries posted sales of $315.40 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.5%. The business is scheduled to issue its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that Armstrong World Industries will report full-year sales of $231.83 million for the current fiscal year, with estimates ranging from $936.66 million to $950.30 million. For the next financial year, analysts anticipate that the business will post sales of $987.58 million per share, with estimates ranging from $985.96 million to $989.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Armstrong World Industries.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, February 26th. The construction company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.16). The company had revenue of $214.30 million during the quarter, compared to analysts’ expectations of $263.06 million. Armstrong World Industries had a return on equity of 41.95% and a net margin of 12.77%. Armstrong World Industries’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWI. Cerebellum GP LLC bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $129,000. Captrust Financial Advisors bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $147,000. Victory Capital Management Inc. bought a new stake in shares of Armstrong World Industries during the third quarter valued at about $193,000. State of Alaska Department of Revenue bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $193,000. Finally, First National Bank Sioux Falls bought a new stake in shares of Armstrong World Industries during the fourth quarter valued at about $214,000.
Armstrong World Industries (NYSE:AWI) opened at $59.10 on Wednesday. The firm has a market cap of $3,252.70, a PE ratio of 20.52, a P/E/G ratio of 1.01 and a beta of 1.69. Armstrong World Industries has a fifty-two week low of $41.20 and a fifty-two week high of $64.60. The company has a quick ratio of 2.20, a current ratio of 2.40 and a debt-to-equity ratio of 1.95.
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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