Media stories about Armstrong World Industries (NYSE:AWI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Armstrong World Industries earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 46.0731054718324 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research firms have weighed in on AWI. Jefferies Group began coverage on shares of Armstrong World Industries in a research note on Tuesday, December 12th. They issued a “hold” rating and a $62.00 price objective on the stock. Zacks Investment Research raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Monday, November 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Armstrong World Industries in a research note on Wednesday, November 22nd. Royal Bank of Canada raised their price objective on shares of Armstrong World Industries from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Armstrong World Industries in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $56.00.
Armstrong World Industries (NYSE AWI) opened at $62.80 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 2.25. Armstrong World Industries has a 12 month low of $38.45 and a 12 month high of $64.60. The firm has a market cap of $3,320.00, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.75 and a beta of 1.78.
Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Armstrong World Industries had a net margin of 11.44% and a return on equity of 46.62%. The firm had revenue of $351.90 million for the quarter, compared to the consensus estimate of $357.29 million. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. equities research analysts anticipate that Armstrong World Industries will post 2.85 EPS for the current fiscal year.
Armstrong World Industries declared that its board has authorized a share repurchase plan on Monday, October 30th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, SVP Ellen R. Romano sold 33,087 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $54.68, for a total transaction of $1,809,197.16. Following the transaction, the senior vice president now directly owns 14,769 shares of the company’s stock, valued at $807,568.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.
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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.
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