Armstrong World Industries Inc (NYSE:AWI) Expected to Post Quarterly Sales of $289.47 Million

Brokerages expect Armstrong World Industries Inc (NYSE:AWI) to post sales of $289.47 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Armstrong World Industries’ earnings. The lowest sales estimate is $288.00 million and the highest is $291.80 million. Armstrong World Industries posted sales of $260.50 million in the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that Armstrong World Industries will report full year sales of $1.07 billion for the current fiscal year, with estimates ranging from $1.06 billion to $1.07 billion. For the next year, analysts anticipate that the company will report sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.14 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Monday, July 29th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $272.00 million during the quarter, compared to analysts’ expectations of $278.75 million. Armstrong World Industries had a return on equity of 77.10% and a net margin of 20.17%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share.



Several brokerages recently issued reports on AWI. SunTrust Banks boosted their price target on Armstrong World Industries to $109.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. They noted that the move was a valuation call. KeyCorp boosted their price target on Armstrong World Industries from $95.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Nomura upped their target price on Armstrong World Industries from $78.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Bank of America upped their target price on Armstrong World Industries from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank restated a “buy” rating and set a $107.00 target price on shares of Armstrong World Industries in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $91.45.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its stake in Armstrong World Industries by 28.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 133,060 shares of the construction company’s stock worth $10,568,000 after purchasing an additional 29,340 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Armstrong World Industries in the 2nd quarter valued at $1,161,000. FIL Ltd lifted its stake in shares of Armstrong World Industries by 1.8% in the 1st quarter. FIL Ltd now owns 712,574 shares of the construction company’s stock valued at $56,593,000 after acquiring an additional 12,574 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Armstrong World Industries by 32.9% in the 2nd quarter. WINTON GROUP Ltd now owns 6,487 shares of the construction company’s stock valued at $631,000 after acquiring an additional 1,605 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Armstrong World Industries by 6.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 127,280 shares of the construction company’s stock valued at $10,109,000 after acquiring an additional 7,374 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Shares of AWI stock opened at $91.55 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.07 and a debt-to-equity ratio of 3.02. The stock has a market cap of $4.62 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.63. The stock has a 50 day simple moving average of $97.06 and a 200 day simple moving average of $86.89. Armstrong World Industries has a 1 year low of $54.34 and a 1 year high of $104.50.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, August 7th. Armstrong World Industries’s payout ratio is presently 19.13%.

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 in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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

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