Armstrong Flooring (NYSE:AFI) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $25.50.
Separately, Zacks Investment Research upgraded Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, January 9th.
AFI traded down $0.32 on Friday, hitting $13.63. The company had a trading volume of 51,620 shares, compared to its average volume of 108,943. Armstrong Flooring has a 12-month low of $12.91 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. The firm has a market capitalization of $350.63, a PE ratio of 64.90, a price-to-earnings-growth ratio of 1.56 and a beta of 2.27.
Armstrong Flooring (NYSE:AFI) last posted its earnings results on Tuesday, March 6th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. Armstrong Flooring had a positive return on equity of 0.97% and a negative net margin of 3.69%. The company had revenue of $262.70 million for the quarter, compared to analyst estimates of $266.70 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. sell-side analysts expect that Armstrong Flooring will post 0.4 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in Armstrong Flooring in the fourth quarter worth about $198,000. Municipal Employees Retirement System of Michigan boosted its holdings in Armstrong Flooring by 35.7% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 56,010 shares of the construction company’s stock worth $948,000 after acquiring an additional 14,730 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Armstrong Flooring in the fourth quarter worth about $227,000. Crestline Management LP acquired a new stake in Armstrong Flooring in the fourth quarter worth about $663,000. Finally, Millennium Management LLC acquired a new stake in Armstrong Flooring in the fourth quarter worth about $3,032,000. 97.25% of the stock is owned by institutional investors and hedge funds.
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Armstrong Flooring Company Profile
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.
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