Armstrong World Industries Inc (NYSE:AWI) - Equities research analysts at SunTrust Banks decreased their Q4 2017 EPS estimates for Armstrong World Industries in a research note issued on Tuesday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings of $0.55 per share for the quarter, down from their previous forecast of $0.58.
Armstrong World Industries (NYSE:AWI) last announced its earnings results on Monday, July 31st. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a net margin of 13.24% and a return on equity of 49.73%. The company had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $330.92 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. WARNING: This piece of content was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/04/armstrong-world-industries-inc-forecasted-to-post-q4-2017-earnings-of-0-55-per-share-awi.html.
A number of other analysts have also recently commented on the stock. Deutsche Bank AG upped their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday. TheStreet upgraded shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Armstrong World Industries currently has an average rating of “Hold” and an average price target of $46.00.
Shares of Armstrong World Industries (AWI) traded up 1.765% on Thursday, hitting $47.575. 436,025 shares of the stock traded hands. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 15.451 and a beta of 1.65. The stock has a 50 day moving average price of $45.18 and a 200-day moving average price of $44.12. Armstrong World Industries has a 52 week low of $36.38 and a 52 week high of $49.55.
A number of hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in Armstrong World Industries by 7.1% in the first quarter. Bank of Montreal Can now owns 2,652 shares of the construction company’s stock worth $122,000 after buying an additional 175 shares during the period. Amalgamated Bank raised its stake in Armstrong World Industries by 3.2% in the first quarter. Amalgamated Bank now owns 6,666 shares of the construction company’s stock worth $307,000 after buying an additional 204 shares during the period. Emory University raised its stake in Armstrong World Industries by 0.6% in the first quarter. Emory University now owns 40,276 shares of the construction company’s stock worth $1,855,000 after buying an additional 247 shares during the period. NGAM Advisors L.P. raised its stake in Armstrong World Industries by 0.5% in the second quarter. NGAM Advisors L.P. now owns 146,444 shares of the construction company’s stock worth $6,737,000 after buying an additional 754 shares during the period. Finally, Swiss National Bank raised its stake in Armstrong World Industries by 1.3% in the first quarter. Swiss National Bank now owns 68,400 shares of the construction company’s stock worth $3,150,000 after buying an additional 900 shares during the period.
Armstrong World Industries Company Profile
Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.
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