Armstrong World Industries Inc (AWI) to Post Q1 2018 Earnings of $0.84 Per Share, Jefferies Group Forecasts
Armstrong World Industries Inc (NYSE:AWI) – Research analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Armstrong World Industries in a research note issued on Tuesday. Jefferies Group analyst P. Ng anticipates that the construction company will post earnings per share of $0.84 for the quarter. Jefferies Group currently has a “Hold” rating and a $66.00 target price on the stock. Jefferies Group also issued estimates for Armstrong World Industries’ Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $3.63 EPS and FY2019 earnings at $4.46 EPS.
Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Monday, February 26th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.16). The firm had revenue of $214.30 million for the quarter, compared to analysts’ expectations of $263.06 million. Armstrong World Industries had a net margin of 12.77% and a return on equity of 41.95%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS.
Armstrong World Industries (NYSE AWI) opened at $59.80 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.41 and a current ratio of 2.40. The stock has a market cap of $3,207.55, a P/E ratio of 22.88, a P/E/G ratio of 1.00 and a beta of 1.69. Armstrong World Industries has a one year low of $41.20 and a one year high of $64.60.
Large investors have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new position in Armstrong World Industries during the fourth quarter worth approximately $129,000. Captrust Financial Advisors purchased a new position in Armstrong World Industries during the fourth quarter worth approximately $147,000. Victory Capital Management Inc. purchased a new position in Armstrong World Industries during the third quarter worth approximately $193,000. State of Alaska Department of Revenue purchased a new position in Armstrong World Industries during the fourth quarter worth approximately $193,000. Finally, First National Bank Sioux Falls purchased a new position in Armstrong World Industries during the fourth quarter worth approximately $214,000.
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Armstrong World Industries Company Profile
Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.
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