Wall Street analysts expect that Armstrong Flooring Inc (NYSE:AFI) will report earnings of ($0.22) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Armstrong Flooring’s earnings, with estimates ranging from ($0.25) to ($0.19). Armstrong Flooring posted earnings of ($0.13) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 69.2%. The business is expected to report its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that Armstrong Flooring will report full year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.53. For the next financial year, analysts forecast that the business will report earnings of $0.80 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Armstrong Flooring.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Tuesday, March 6th. The construction company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The firm had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $266.70 million. Armstrong Flooring had a positive return on equity of 0.97% and a negative net margin of 3.69%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) EPS.
Several equities analysts recently issued reports on AFI shares. Zacks Investment Research raised Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, January 9th. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.33.
Armstrong Flooring (AFI) opened at $13.95 on Tuesday. The stock has a market capitalization of $373.02, a P/E ratio of 69.05, a P/E/G ratio of 1.66 and a beta of 2.52. Armstrong Flooring has a 12-month low of $13.10 and a 12-month high of $20.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.58 and a quick ratio of 1.02.
Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in Armstrong Flooring in the 4th quarter valued at approximately $182,000. MetLife Investment Advisors LLC bought a new position in Armstrong Flooring in the 4th quarter valued at approximately $198,000. Voya Investment Management LLC lifted its position in Armstrong Flooring by 13.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock valued at $231,000 after acquiring an additional 1,551 shares in the last quarter. Macquarie Group Ltd. bought a new position in Armstrong Flooring in the 4th quarter valued at approximately $227,000. Finally, AXA purchased a new stake in Armstrong Flooring during the 4th quarter valued at $239,000. 97.25% of the stock is currently owned by institutional investors and hedge funds.
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About Armstrong Flooring
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.
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