News coverage about Armstrong World Industries (NYSE:AWI) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Armstrong World Industries earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.4557402021939 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages have commented on AWI. SunTrust Banks reissued a “buy” rating and set a $55.00 price target on shares of Armstrong World Industries in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Nomura set a $65.00 price target on shares of Armstrong World Industries and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Royal Bank of Canada boosted their price target on shares of Armstrong World Industries from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp reissued a “hold” rating on shares of Armstrong World Industries in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.50.
Armstrong World Industries (NYSE:AWI) opened at $62.05 on Friday. The firm has a market cap of $3,289.68, a PE ratio of 22.65, a PEG ratio of 1.71 and a beta of 1.78. Armstrong World Industries has a 52 week low of $38.45 and a 52 week high of $64.60. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.41 and a current ratio of 1.98.
Armstrong World Industries (NYSE:AWI) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $351.90 million for the quarter, compared to analyst estimates of $357.29 million. Armstrong World Industries had a return on equity of 46.62% and a net margin of 11.44%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. research analysts predict that Armstrong World Industries will post 2.85 earnings per share for the current fiscal year.
Armstrong World Industries declared that its board has authorized a stock repurchase program 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. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, SVP Ellen R. Romano sold 33,087 shares of the business’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 in the company, valued at approximately $807,568.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by 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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