Equities analysts predict that Armstrong Flooring, Inc. (NYSE:AFI) will report earnings of ($0.20) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Armstrong Flooring’s earnings, with the highest EPS estimate coming in at ($0.16) and the lowest estimate coming in at ($0.24). Armstrong Flooring reported earnings per share of ($0.09) during the same quarter last year, which would suggest a negative year-over-year growth rate of 122.2%. The company is scheduled to report its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Armstrong Flooring will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.20. For the next year, analysts expect that the company will post earnings of $0.44 per share, with EPS estimates ranging from $0.19 to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Armstrong Flooring.

Armstrong Flooring (NYSE:AFI) last posted its earnings results on Monday, November 6th. The construction company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The company had revenue of $308.50 million for the quarter, compared to the consensus estimate of $294.68 million. Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS.

AFI has been the topic of several analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective on shares of Armstrong Flooring in a research note on Monday, August 7th. Gabelli cut shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, August 8th. Nomura reissued a “neutral” rating on shares of Armstrong Flooring in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, TheStreet cut shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $24.20.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. raised its holdings in shares of Armstrong Flooring by 138.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,800 shares of the construction company’s stock valued at $158,000 after purchasing an additional 5,102 shares during the period. Voya Investment Management LLC raised its holdings in shares of Armstrong Flooring by 13.7% during the second quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock valued at $231,000 after purchasing an additional 1,551 shares during the period. Citadel Advisors LLC acquired a new position in shares of Armstrong Flooring during the second quarter valued at about $330,000. KBC Group NV raised its holdings in shares of Armstrong Flooring by 1.2% during the second quarter. KBC Group NV now owns 18,663 shares of the construction company’s stock valued at $335,000 after purchasing an additional 225 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Armstrong Flooring by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock valued at $351,000 after purchasing an additional 1,056 shares during the period. 98.53% of the stock is currently owned by institutional investors and hedge funds.

Armstrong Flooring (NYSE AFI) traded down $0.13 during midday trading on Friday, hitting $17.25. 132,289 shares of the company’s stock were exchanged, compared to its average volume of 199,363. The company has a market capitalization of $447.10, a PE ratio of 72.42 and a beta of 4.89. Armstrong Flooring has a 12-month low of $13.32 and a 12-month high of $22.96. The company has a current ratio of 2.66, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

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About Armstrong Flooring

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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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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