Armstrong Flooring, Inc. (NYSE:AFI) – Investment analysts at Gabelli boosted their FY2018 earnings per share estimates for shares of Armstrong Flooring in a research note issued on Tuesday. Gabelli analyst A. Lacayo now expects that the construction company will post earnings of $0.55 per share for the year, up from their previous forecast of $0.50. Gabelli currently has a “Hold” rating and a $18.00 target price on the stock. Gabelli also issued estimates for Armstrong Flooring’s FY2019 earnings at $0.80 EPS.
Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $15.00 price target on shares of Armstrong Flooring in a research report on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price target on shares of Armstrong Flooring in a research report on Monday, August 7th. Finally, Nomura reiterated a “neutral” rating on shares of Armstrong Flooring in a research report on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Armstrong Flooring has an average rating of “Hold” and an average price target of $24.20.
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Armstrong Flooring (NYSE AFI) traded down $0.08 during trading hours on Thursday, hitting $15.82. 64,700 shares of the stock traded hands, compared to its average volume of 204,578. The company has a current ratio of 2.66, a quick ratio of 0.96 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $409.03, a P/E ratio of 66.25 and a beta of 4.50. Armstrong Flooring has a 12-month low of $13.32 and a 12-month high of $22.96.
Armstrong Flooring (NYSE:AFI) last released its quarterly earnings data on Monday, November 6th. The construction company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.07). Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The business had revenue of $308.50 million during the quarter, compared to analyst estimates of $294.68 million. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the business. KBC Group NV grew its position in Armstrong Flooring by 1.2% in the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock valued at $335,000 after acquiring an additional 225 shares in the last quarter. Rhumbline Advisers grew its position in Armstrong Flooring by 1.7% in the second quarter. Rhumbline Advisers now owns 28,206 shares of the construction company’s stock valued at $507,000 after acquiring an additional 470 shares in the last quarter. Strs Ohio grew its position in Armstrong Flooring by 1.9% in the second quarter. Strs Ohio now owns 37,700 shares of the construction company’s stock valued at $677,000 after acquiring an additional 700 shares in the last quarter. Symphony Asset Management LLC boosted its stake in shares of Armstrong Flooring by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 21,003 shares of the construction company’s stock valued at $377,000 after buying an additional 808 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Armstrong Flooring by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 35,640 shares of the construction company’s stock valued at $640,000 after buying an additional 920 shares during the last quarter.
Armstrong Flooring Company Profile
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
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