What is Zacks Research’s Estimate for AWI FY2024 Earnings?

Armstrong World Industries, Inc. (NYSE:AWI) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for Armstrong World Industries in a note issued to investors on Tuesday, November 12th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $6.19 for the year, up from their previous estimate of $6.06. The consensus estimate for Armstrong World Industries’ current full-year earnings is $6.17 per share. Zacks Research also issued estimates for Armstrong World Industries’ Q4 2024 earnings at $1.38 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $6.64 EPS, Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $1.76 EPS, Q3 2026 earnings at $1.85 EPS and FY2026 earnings at $6.95 EPS.

Several other equities analysts have also weighed in on AWI. Loop Capital raised their target price on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Stock Down 0.3 %

AWI stock opened at $153.17 on Thursday. The firm has a market cap of $6.68 billion, a PE ratio of 27.01, a PEG ratio of 1.98 and a beta of 1.13. Armstrong World Industries has a 1 year low of $81.47 and a 1 year high of $157.51. The company has a fifty day simple moving average of $136.78 and a 200 day simple moving average of $124.98. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis.

Institutional Trading of Armstrong World Industries

Several hedge funds and other institutional investors have recently bought and sold shares of AWI. Jupiter Asset Management Ltd. lifted its stake in shares of Armstrong World Industries by 1,369.3% in the second quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock valued at $27,872,000 after buying an additional 229,378 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Armstrong World Industries by 46.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock worth $52,155,000 after acquiring an additional 145,133 shares during the period. Natixis Advisors LLC grew its holdings in shares of Armstrong World Industries by 35.0% during the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock worth $48,049,000 after purchasing an additional 110,111 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Armstrong World Industries by 171.0% during the second quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock valued at $14,263,000 after purchasing an additional 79,475 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Armstrong World Industries by 27.8% in the second quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock valued at $35,385,000 after purchasing an additional 67,954 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Armstrong World Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a $0.308 dividend. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.23 annualized dividend and a dividend yield of 0.80%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.69%.

About Armstrong World Industries

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.