Armstrong Flooring, Inc. (NYSE:AFI) – SunTrust Banks lowered their Q3 2017 earnings estimates for shares of Armstrong Flooring in a research note issued on Monday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will post earnings of $0.21 per share for the quarter, down from their prior forecast of $0.23. SunTrust Banks currently has a “Hold” rating and a $15.00 target price on the stock. SunTrust Banks also issued estimates for Armstrong Flooring’s FY2017 earnings at $0.22 EPS.

Armstrong Flooring (NYSE:AFI) last posted its earnings results on Monday, August 7th. The construction company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Armstrong Flooring had a negative net margin of 0.03% and a positive return on equity of 1.99%. The business had revenue of $297.30 million for the quarter, compared to analysts’ expectations of $324.63 million. Armstrong Flooring’s revenue for the quarter was down 8.2% on a year-over-year basis.

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

Shares of Armstrong Flooring (AFI) opened at 15.91 on Tuesday. The stock has a market cap of $430.92 million, a PE ratio of 723.18 and a beta of 4.78. The stock has a 50 day moving average of $15.46 and a 200 day moving average of $15.46. Armstrong Flooring has a 12 month low of $14.44 and a 12 month high of $22.96.

Institutional investors have recently added to or reduced their stakes in the business. River Road Asset Management LLC purchased a new position in Armstrong Flooring in the 2nd quarter valued at approximately $26,898,000. Wells Fargo & Company MN grew its stake in shares of Armstrong Flooring by 3,131.5% in the second quarter. Wells Fargo & Company MN now owns 512,971 shares of the construction company’s stock worth $9,219,000 after acquiring an additional 497,097 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Armstrong Flooring by 28.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,361,590 shares of the construction company’s stock worth $24,468,000 after acquiring an additional 298,068 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Armstrong Flooring by 46.9% in the second quarter. Russell Investments Group Ltd. now owns 771,147 shares of the construction company’s stock worth $13,856,000 after acquiring an additional 246,357 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Armstrong Flooring by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,652,697 shares of the construction company’s stock worth $29,699,000 after acquiring an additional 217,579 shares in the last quarter.

Armstrong Flooring Company Profile

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.

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

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