Armstrong World Industries Inc (AWI) Set to Announce Quarterly Earnings on Monday

Armstrong World Industries Inc (NYSE:AWI) is set to announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Armstrong World Industries has set its FY17 guidance at $2.65-2.75 EPS.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The business had revenue of $330.80 million during the quarter, compared to analyst estimates of $330.92 million. During the same period in the previous year, the firm earned $0.56 EPS. Armstrong World Industries’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Armstrong World Industries to post $2.73 EPS for the current fiscal year and $3.02 EPS for the next fiscal year.

Armstrong World Industries Inc (NYSE:AWI) opened at 53.55 on Friday. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 17.39 and a beta of 1.63. The company has a 50 day moving average price of $51.22 and a 200 day moving average price of $46.90. Armstrong World Industries Inc has a 12 month low of $36.38 and a 12 month high of $54.45.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Monday, July 10th. BidaskClub downgraded Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. KeyCorp reiterated a “hold” rating on shares of Armstrong World Industries in a report on Tuesday. Finally, Citigroup Inc. lifted their target price on Armstrong World Industries from $52.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

About Armstrong World Industries

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.

Earnings History for Armstrong World Industries (NYSE:AWI)

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