Armstrong World Industries (NYSE:AWI) Earning Somewhat Favorable News Coverage, Report Shows

News coverage about Armstrong World Industries (NYSE:AWI) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Armstrong World Industries earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.984132909417 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

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A number of brokerages have recently weighed in on AWI. Zacks Investment Research downgraded Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Group reiterated a “hold” rating and issued a $66.00 price target on shares of Armstrong World Industries in a report on Wednesday, January 17th. JPMorgan Chase downgraded Armstrong World Industries from a “neutral” rating to an “underweight” rating in a report on Wednesday, March 7th. Stephens reiterated a “hold” rating and issued a $64.00 price target on shares of Armstrong World Industries in a report on Thursday, March 1st. Finally, SunTrust Banks reiterated a “buy” rating and issued a $67.00 price target on shares of Armstrong World Industries in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.33.

AWI traded down $0.55 during trading on Friday, reaching $55.90. 367,520 shares of the company were exchanged, compared to its average volume of 421,744. The company has a market cap of $2,997.79, a P/E ratio of 18.51, a PEG ratio of 0.93 and a beta of 1.68. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.40 and a quick ratio of 2.20. Armstrong World Industries has a 52 week low of $41.20 and a 52 week high of $64.60.

Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, February 26th. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.16). Armstrong World Industries had a return on equity of 41.95% and a net margin of 12.77%. The company had revenue of $214.30 million for the quarter, compared to the consensus estimate of $263.06 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. Armstrong World Industries’s quarterly revenue was up 9.1% compared to the same quarter last year. research analysts anticipate that Armstrong World Industries will post 3.61 earnings per share for the current year.

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About Armstrong World Industries

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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