$1.04 EPS Expected for Armstrong World Industries (AWI) This Quarter

Wall Street analysts expect that Armstrong World Industries (NYSE:AWI) will report earnings of $1.04 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Armstrong World Industries’ earnings. The highest EPS estimate is $1.08 and the lowest is $1.00. Armstrong World Industries reported earnings per share of $0.73 in the same quarter last year, which suggests a positive year-over-year growth rate of 42.5%. The company is expected to report its next earnings report on Monday, July 30th.

According to Zacks, analysts expect that Armstrong World Industries will report full-year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.60 to $3.77. For the next financial year, analysts expect that the company will post earnings of $4.28 per share, with EPS estimates ranging from $4.05 to $4.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, April 30th. The construction company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.02). Armstrong World Industries had a return on equity of 41.44% and a net margin of 13.54%. The business had revenue of $227.30 million during the quarter, compared to analysts’ expectations of $231.35 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.

AWI has been the topic of a number of research analyst reports. Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. JPMorgan Chase cut Armstrong World Industries from a “neutral” rating to an “underweight” rating in a report on Wednesday, March 7th. Goldman Sachs raised Armstrong World Industries from a “sell” rating to a “neutral” rating in a report on Wednesday, April 4th. SunTrust Banks reissued a “buy” rating and issued a $67.00 price target on shares of Armstrong World Industries in a report on Monday, February 26th. Finally, Stephens reissued a “hold” rating and issued a $64.00 price target on shares of Armstrong World Industries in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $62.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Iridian Asset Management LLC CT raised its holdings in shares of Armstrong World Industries by 0.9% during the 1st quarter. Iridian Asset Management LLC CT now owns 4,675,664 shares of the construction company’s stock worth $263,240,000 after acquiring an additional 43,666 shares in the last quarter. BlackRock Inc. raised its holdings in Armstrong World Industries by 5.7% during the 4th quarter. BlackRock Inc. now owns 2,021,768 shares of the construction company’s stock valued at $122,419,000 after buying an additional 109,439 shares during the period. Gates Capital Management Inc. purchased a new stake in Armstrong World Industries during the 4th quarter valued at $81,031,000. Dimensional Fund Advisors LP raised its holdings in Armstrong World Industries by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,264,271 shares of the construction company’s stock valued at $71,178,000 after buying an additional 9,990 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Armstrong World Industries by 12.9% during the 1st quarter. First Eagle Investment Management LLC now owns 1,245,178 shares of the construction company’s stock valued at $70,104,000 after buying an additional 142,645 shares during the period.

NYSE AWI traded up $1.00 during trading hours on Friday, reaching $60.90. The company’s stock had a trading volume of 407,613 shares, compared to its average volume of 374,184. The company has a current ratio of 2.44, a quick ratio of 2.20 and a debt-to-equity ratio of 2.01. Armstrong World Industries has a 1 year low of $41.20 and a 1 year high of $64.60. The stock has a market cap of $3.16 billion, a PE ratio of 20.17, a P/E/G ratio of 0.95 and a beta of 1.69.

About Armstrong World Industries

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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Earnings History and Estimates for Armstrong World Industries (NYSE:AWI)

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