Armstrong World Industries Inc (NYSE:AWI) – Equities researchers at SunTrust Banks cut their Q3 2020 earnings estimates for shares of Armstrong World Industries in a research note issued to investors on Tuesday, July 28th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings per share of $0.92 for the quarter, down from their prior estimate of $1.53. SunTrust Banks also issued estimates for Armstrong World Industries’ Q4 2020 earnings at $0.81 EPS, FY2020 earnings at $3.58 EPS, Q3 2021 earnings at $1.20 EPS, Q4 2021 earnings at $1.17 EPS and FY2021 earnings at $4.03 EPS.

A number of other equities research analysts have also weighed in on AWI. TheStreet lowered shares of Armstrong World Industries from a “b” rating to a “c” rating in a research note on Tuesday, April 28th. Evercore ISI lowered shares of Armstrong World Industries from an “in-line” rating to an “underperform” rating and set a $73.00 price objective on the stock. in a research note on Wednesday. Nomura Securities boosted their price objective on shares of Armstrong World Industries from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Exane BNP Paribas raised shares of Armstrong World Industries from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 30th. Finally, BNP Paribas raised shares of Armstrong World Industries from a “neutral” rating to an “outperform” rating and set a $86.50 price objective on the stock in a research note on Tuesday, June 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Armstrong World Industries has a consensus rating of “Hold” and a consensus target price of $88.17.

Shares of AWI opened at $71.24 on Friday. The firm’s 50-day moving average price is $76.49 and its 200-day moving average price is $84.60. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -58.39, a PEG ratio of 9.78 and a beta of 1.20. The company has a current ratio of 2.04, a quick ratio of 1.63 and a debt-to-equity ratio of 1.51. Armstrong World Industries has a 1-year low of $62.03 and a 1-year high of $111.46.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 28th. The construction company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.16). The company had revenue of $202.50 million for the quarter, compared to the consensus estimate of $221.05 million. Armstrong World Industries had a negative net margin of 5.64% and a positive return on equity of 56.59%. The company’s revenue for the quarter was down 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co grew its position in Armstrong World Industries by 0.3% during the second quarter. Diversified Trust Co now owns 42,499 shares of the construction company’s stock valued at $3,313,000 after buying an additional 135 shares during the period. Brinker Capital Inc. grew its position in Armstrong World Industries by 0.5% during the first quarter. Brinker Capital Inc. now owns 36,942 shares of the construction company’s stock valued at $2,934,000 after buying an additional 172 shares during the period. Rockefeller Capital Management L.P. grew its position in Armstrong World Industries by 113.5% during the first quarter. Rockefeller Capital Management L.P. now owns 363 shares of the construction company’s stock valued at $29,000 after buying an additional 193 shares during the period. Guggenheim Capital LLC grew its position in Armstrong World Industries by 4.9% during the first quarter. Guggenheim Capital LLC now owns 4,401 shares of the construction company’s stock valued at $350,000 after buying an additional 206 shares during the period. Finally, Sowell Financial Services LLC grew its position in Armstrong World Industries by 13.4% during the first quarter. Sowell Financial Services LLC now owns 1,915 shares of the construction company’s stock valued at $152,000 after buying an additional 227 shares during the period. Institutional investors own 99.58% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $0.80 annualized dividend and a yield of 1.12%. Armstrong World Industries’s dividend payout ratio (DPR) is 16.74%.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc 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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