Armstrong World Industries (NYSE:AWI) posted its quarterly earnings results on Tuesday. The construction company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06), MarketWatch Earnings reports. Armstrong World Industries had a net margin of 15.18% and a return on equity of 41.92%. The company had revenue of $260.50 million during the quarter, compared to analyst estimates of $252.96 million. During the same period in the prior year, the business posted $0.90 EPS. Armstrong World Industries’s revenue for the quarter was up 11.4% compared to the same quarter last year. Armstrong World Industries updated its FY 2018 guidance to EPS.
AWI stock traded up $2.10 during midday trading on Tuesday, hitting $60.09. 521,905 shares of the company’s stock were exchanged, compared to its average volume of 525,798. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 1.97. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.70. Armstrong World Industries has a 1-year low of $49.25 and a 1-year high of $73.45.
Several research firms recently commented on AWI. SunTrust Banks increased their price target on Armstrong World Industries to $78.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. ValuEngine raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Jefferies Financial Group reissued a “hold” rating and set a $73.00 target price on shares of Armstrong World Industries in a research note on Thursday, August 2nd. Goldman Sachs Group initiated coverage on Armstrong World Industries in a research note on Tuesday, October 2nd. They set a “neutral” rating and a $70.00 target price for the company. Finally, Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Armstrong World Industries currently has a consensus rating of “Hold” and an average price target of $68.43.
Armstrong World Industries Company Profile
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.
Featured Article: How is a Moving Average Calculated?
Receive News & Ratings for Armstrong World Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong World Industries and related companies with MarketBeat.com's FREE daily email newsletter.