Armstrong World Industries (NYSE:AWI – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $5.80-$6.05 for the period, compared to the consensus EPS estimate of $5.76. The company issued revenue guidance of $1.395-$1.435 billion, compared to the consensus revenue estimate of $1.35 billion. Armstrong World Industries also updated its FY 2024 guidance to 5.800-6.050 EPS.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the stock a buy rating in a research report on Wednesday, February 21st. Evercore ISI boosted their price target on Armstrong World Industries from $117.00 to $119.00 and gave the company an in-line rating in a report on Wednesday. The Goldman Sachs Group boosted their price target on Armstrong World Industries from $111.00 to $132.00 and gave the company a buy rating in a report on Wednesday, February 21st. StockNews.com upgraded Armstrong World Industries from a hold rating to a buy rating in a report on Thursday, March 28th. Finally, UBS Group upped their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a neutral rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $110.17.
Read Our Latest Stock Report on Armstrong World Industries
Armstrong World Industries Stock Down 0.0 %
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. The company had revenue of $326.30 million during the quarter, compared to analysts’ expectations of $319.44 million. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. On average, analysts predict that Armstrong World Industries will post 5.74 earnings per share for the current year.
Armstrong World Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.98%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 22.40%.
Armstrong World Industries Company Profile
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.
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