Wall Street brokerages predict that Armstrong World Industries, Inc. (NYSE:AWI – Get Rating) will announce earnings of $1.37 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Armstrong World Industries’ earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.43. Armstrong World Industries posted earnings per share of $1.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. The company is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Armstrong World Industries will report full-year earnings of $5.09 per share for the current year, with EPS estimates ranging from $5.00 to $5.13. For the next financial year, analysts anticipate that the firm will post earnings of $5.77 per share, with EPS estimates ranging from $5.62 to $5.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Armstrong World Industries.
Armstrong World Industries (NYSE:AWI – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The construction company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.11). The business had revenue of $282.60 million for the quarter, compared to analyst estimates of $289.61 million. Armstrong World Industries had a return on equity of 40.89% and a net margin of 16.90%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share.
In related news, SVP Mark A. Hershey sold 1,365 shares of the firm’s stock in a transaction that occurred on Thursday, April 21st. The stock was sold at an average price of $95.11, for a total value of $129,825.15. Following the completion of the transaction, the senior vice president now directly owns 45,053 shares of the company’s stock, valued at approximately $4,284,990.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Armstrong World Industries by 0.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,882,039 shares of the construction company’s stock valued at $218,543,000 after buying an additional 12,540 shares during the last quarter. Cantillon Capital Management LLC boosted its holdings in shares of Armstrong World Industries by 47.6% during the first quarter. Cantillon Capital Management LLC now owns 1,785,922 shares of the construction company’s stock worth $160,750,000 after purchasing an additional 575,715 shares during the last quarter. FIL Ltd boosted its holdings in shares of Armstrong World Industries by 0.5% during the third quarter. FIL Ltd now owns 1,420,223 shares of the construction company’s stock worth $135,589,000 after purchasing an additional 7,163 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Armstrong World Industries by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 1,247,116 shares of the construction company’s stock worth $119,060,000 after purchasing an additional 39,311 shares during the last quarter. Finally, River Road Asset Management LLC boosted its holdings in shares of Armstrong World Industries by 3.9% during the third quarter. River Road Asset Management LLC now owns 1,227,693 shares of the construction company’s stock worth $117,208,000 after purchasing an additional 45,757 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.
NYSE:AWI opened at $82.87 on Monday. The business’s 50-day simple moving average is $90.46. The firm has a market cap of $3.89 billion, a PE ratio of 20.61, a P/E/G ratio of 1.24 and a beta of 1.18. Armstrong World Industries has a 1 year low of $81.94 and a 1 year high of $118.14. The company has a current ratio of 1.65, a quick ratio of 1.11 and a debt-to-equity ratio of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Thursday, May 5th will be paid a $0.231 dividend. This represents a $0.92 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, May 4th. Armstrong World Industries’s payout ratio is currently 22.89%.
About Armstrong World Industries (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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