$0.94 Earnings Per Share Expected for Armstrong World Industries Inc (AWI) This Quarter

Equities analysts expect Armstrong World Industries Inc (NYSE:AWI) to post $0.94 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Armstrong World Industries’ earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.92. Armstrong World Industries reported earnings of $0.79 per share during the same quarter last year, which suggests a positive year over year growth rate of 19%. The business is expected to report its next quarterly earnings report on Monday, April 29th.

On average, analysts expect that Armstrong World Industries will report full-year earnings of $4.46 per share for the current year, with EPS estimates ranging from $4.40 to $4.51. For the next fiscal year, analysts forecast that the firm will post earnings of $5.02 per share, with EPS estimates ranging from $4.95 to $5.06. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, February 25th. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.03). The business had revenue of $238.90 million during the quarter, compared to analysts’ expectations of $239.46 million. Armstrong World Industries had a return on equity of 54.86% and a net margin of 19.06%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS.

A number of research analysts have recently commented on the company. Nomura set a $73.00 target price on Armstrong World Industries and gave the company a “buy” rating in a research note on Tuesday, February 26th. Zacks Investment Research upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Tuesday, March 19th. KeyCorp raised their target price on Armstrong World Industries from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, February 26th. ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Finally, Bank of America raised their target price on Armstrong World Industries from $84.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $78.26.

Shares of AWI traded up $1.12 on Wednesday, reaching $82.25. The stock had a trading volume of 566,037 shares, compared to its average volume of 481,531. The stock has a market cap of $3.94 billion, a PE ratio of 22.47, a PEG ratio of 1.12 and a beta of 1.84. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 2.93. Armstrong World Industries has a 12-month low of $54.34 and a 12-month high of $82.63.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Tuesday, March 5th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, March 4th. Armstrong World Industries’s payout ratio is presently 19.13%.

In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 456,000 shares of Armstrong World Industries stock in a transaction on Monday, March 11th. The stock was sold at an average price of $73.25, for a total transaction of $33,402,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 1,725,000 shares of Armstrong World Industries stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $73.69, for a total value of $127,115,250.00. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. M&T Bank Corp raised its stake in Armstrong World Industries by 5.5% during the fourth quarter. M&T Bank Corp now owns 3,907 shares of the construction company’s stock valued at $229,000 after buying an additional 202 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Armstrong World Industries by 13.4% in the 4th quarter. Captrust Financial Advisors now owns 2,604 shares of the construction company’s stock worth $152,000 after purchasing an additional 308 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Armstrong World Industries by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064 shares of the construction company’s stock worth $178,000 after purchasing an additional 356 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Armstrong World Industries by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 32,576 shares of the construction company’s stock worth $2,267,000 after purchasing an additional 388 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Armstrong World Industries in the 4th quarter worth $29,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

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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