Armstrong World Industries (NYSE:AWI) Issues FY22 Earnings Guidance

Armstrong World Industries (NYSE:AWIGet Rating) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.00-$5.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.08. The company issued revenue guidance of $1.215-$1.255 billion, compared to the consensus revenue estimate of $1.24 billion.

NYSE:AWI opened at $92.91 on Tuesday. The stock has a fifty day simple moving average of $91.56. The firm has a market capitalization of $4.41 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.03 and a beta of 1.21. The company has a current ratio of 1.54, a quick ratio of 1.11 and a debt-to-equity ratio of 1.20. Armstrong World Industries has a 52 week low of $85.74 and a 52 week high of $118.14.

Armstrong World Industries (NYSE:AWIGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The construction company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.03. The business had revenue of $282.50 million during the quarter, compared to the consensus estimate of $276.08 million. Armstrong World Industries had a net margin of 16.56% and a return on equity of 40.62%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. As a group, research analysts expect that Armstrong World Industries will post 5.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Thursday, May 5th will be paid a $0.231 dividend. The ex-dividend date is Wednesday, May 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.99%. Armstrong World Industries’s dividend payout ratio (DPR) is 24.08%.

AWI has been the topic of several recent analyst reports. UBS Group began coverage on Armstrong World Industries in a report on Wednesday, January 19th. They issued a sell rating and a $103.00 target price on the stock. Credit Suisse Group began coverage on Armstrong World Industries in a research note on Tuesday, April 5th. They issued an outperform rating and a $120.00 price target on the stock. TheStreet cut Armstrong World Industries from a b- rating to a c+ rating in a research note on Monday, March 21st. Loop Capital cut their price target on Armstrong World Industries from $110.00 to $102.00 in a research note on Wednesday, February 23rd. Finally, Jefferies Financial Group upgraded Armstrong World Industries from a hold rating to a buy rating and raised their price target for the company from $101.00 to $111.00 in a research note on Monday, March 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Armstrong World Industries currently has an average rating of Hold and a consensus price target of $117.67.

In other news, SVP Mark A. Hershey sold 1,365 shares of Armstrong World Industries stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $95.11, for a total transaction of $129,825.15. Following the sale, the senior vice president now owns 45,053 shares in the company, valued at $4,284,990.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AWI. Morgan Stanley grew its holdings in shares of Armstrong World Industries by 134.7% during the third quarter. Morgan Stanley now owns 57,812 shares of the construction company’s stock worth $5,520,000 after buying an additional 33,178 shares during the last quarter. UBS Group AG grew its holdings in shares of Armstrong World Industries by 14.0% during the third quarter. UBS Group AG now owns 7,667 shares of the construction company’s stock worth $732,000 after buying an additional 939 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Armstrong World Industries by 80.3% during the third quarter. BNP Paribas Arbitrage SA now owns 1,421 shares of the construction company’s stock worth $136,000 after buying an additional 633 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Armstrong World Industries by 118.1% during the fourth quarter. JPMorgan Chase & Co. now owns 45,606 shares of the construction company’s stock worth $5,296,000 after buying an additional 24,695 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Armstrong World Industries by 9.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 89,542 shares of the construction company’s stock worth $10,398,000 after buying an additional 7,419 shares during the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

Armstrong World Industries Company Profile (Get Rating)

Armstrong World Industries, Inc, together with its subsidiaries, 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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