Research Analysts Offer Predictions for Armstrong Flooring Inc’s FY2021 Earnings (AFI)

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Armstrong Flooring Inc (NYSE:AFI) – Investment analysts at Gabelli decreased their FY2021 EPS estimates for Armstrong Flooring in a research note issued to investors on Wednesday, November 7th. Gabelli analyst A. Lacayo now expects that the construction company will post earnings per share of $1.00 for the year, down from their previous estimate of $1.05.

Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Armstrong Flooring had a negative net margin of 1.12% and a positive return on equity of 2.71%. The company had revenue of $309.70 million during the quarter, compared to analyst estimates of $313.82 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis.

A number of other equities analysts have also weighed in on AFI. ValuEngine upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price objective on shares of Armstrong Flooring in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Armstrong Flooring from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Friday, August 10th. Finally, Macquarie set a $18.00 target price on shares of Armstrong Flooring and gave the stock a “hold” rating in a research report on Friday, September 14th. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.67.

Shares of NYSE AFI opened at $15.73 on Friday. Armstrong Flooring has a twelve month low of $12.03 and a twelve month high of $20.46. The company has a market capitalization of $395.16 million, a P/E ratio of 74.90, a PEG ratio of 1.56 and a beta of 2.27. The company has a quick ratio of 0.93, a current ratio of 2.60 and a debt-to-equity ratio of 0.17.

A number of large investors have recently bought and sold shares of the business. Stone Ridge Asset Management LLC grew its position in Armstrong Flooring by 9.6% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 35,936 shares of the construction company’s stock worth $650,000 after purchasing an additional 3,159 shares during the period. Strs Ohio grew its position in Armstrong Flooring by 8.8% in the 2nd quarter. Strs Ohio now owns 52,900 shares of the construction company’s stock worth $742,000 after purchasing an additional 4,300 shares during the period. Mackay Shields LLC grew its position in Armstrong Flooring by 19.0% in the 2nd quarter. Mackay Shields LLC now owns 40,100 shares of the construction company’s stock worth $563,000 after purchasing an additional 6,400 shares during the period. Wedge Capital Management L L P NC grew its position in Armstrong Flooring by 9.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 77,700 shares of the construction company’s stock worth $1,091,000 after purchasing an additional 6,478 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in Armstrong Flooring in the 2nd quarter worth approximately $114,000. 96.11% of the stock is owned by institutional investors and hedge funds.

About Armstrong Flooring

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.

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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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