Analysts Expect Armstrong Flooring Inc (AFI) Will Announce Quarterly Sales of $310.40 Million

Equities research analysts expect Armstrong Flooring Inc (NYSE:AFI) to report $310.40 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Armstrong Flooring’s earnings. The lowest sales estimate is $306.80 million and the highest is $314.00 million. Armstrong Flooring posted sales of $308.50 million during the same quarter last year, which suggests a positive year over year growth rate of 0.6%. The firm is expected to report its next earnings results on Monday, November 5th.

On average, analysts expect that Armstrong Flooring will report full-year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.16 billion, with estimates ranging from $1.16 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Armstrong Flooring.

Armstrong Flooring (NYSE:AFI) last issued its earnings results on Tuesday, August 7th. The construction company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.30 by $0.17. Armstrong Flooring had a positive return on equity of 1.48% and a negative net margin of 3.46%. The business had revenue of $306.00 million during the quarter, compared to the consensus estimate of $293.00 million.



AFI has been the subject of several analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $17.00 target price on shares of Armstrong Flooring in a research note on Thursday, August 9th. ValuEngine upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, Macquarie set a $18.00 target price on Armstrong Flooring and gave the stock a “hold” rating in a research note on Friday, September 14th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Armstrong Flooring has an average rating of “Hold” and a consensus target price of $17.25.

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado raised its holdings in shares of Armstrong Flooring by 232.9% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,932 shares of the construction company’s stock valued at $216,000 after acquiring an additional 8,348 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Armstrong Flooring in the 2nd quarter valued at about $194,000. Paloma Partners Management Co purchased a new stake in shares of Armstrong Flooring in the 2nd quarter valued at about $205,000. Macquarie Group Ltd. raised its holdings in shares of Armstrong Flooring by 135.0% in the 2nd quarter. Macquarie Group Ltd. now owns 40,732 shares of the construction company’s stock valued at $572,000 after acquiring an additional 23,400 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Armstrong Flooring in the 2nd quarter valued at about $153,000. 96.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE AFI opened at $14.78 on Thursday. Armstrong Flooring has a 52 week low of $12.03 and a 52 week high of $20.46. The company has a quick ratio of 0.93, a current ratio of 2.43 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $380.14 million, a price-to-earnings ratio of 70.38, a P/E/G ratio of 1.59 and a beta of 2.49.

Armstrong Flooring Company Profile

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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