Zacks: Analysts Anticipate Armstrong Flooring (AFI) Will Post Earnings of -$0.22 Per Share

Wall Street brokerages predict that Armstrong Flooring (NYSE:AFI) will announce earnings per share of ($0.22) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Armstrong Flooring’s earnings, with the highest EPS estimate coming in at ($0.19) and the lowest estimate coming in at ($0.25). Armstrong Flooring reported earnings per share of ($0.13) during the same quarter last year, which suggests a negative year over year growth rate of 69.2%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, May 8th.

On average, analysts expect that Armstrong Flooring will report full year earnings of $0.40 per share for the current 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 earnings per share calculations are an average based on a survey of research firms that that provide coverage for Armstrong Flooring.

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Armstrong Flooring (NYSE:AFI) last announced its earnings results on Tuesday, March 6th. The construction company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. Armstrong Flooring had a negative net margin of 3.69% and a positive return on equity of 0.97%. The business had revenue of $262.70 million during the quarter, compared to analysts’ expectations of $266.70 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year.

Separately, Zacks Investment Research cut shares of Armstrong Flooring from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Armstrong Flooring has an average rating of “Hold” and a consensus price target of $18.00.

Shares of NYSE:AFI opened at $13.90 on Monday. Armstrong Flooring has a one year low of $12.91 and a one year 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 stock has a market capitalization of $360.92, a PE ratio of 66.81, a price-to-earnings-growth ratio of 1.61 and a beta of 2.27.

Several large investors have recently made changes to their positions in AFI. Virtu Financial LLC purchased a new stake in shares of Armstrong Flooring in the fourth quarter valued at about $182,000. MetLife Investment Advisors LLC purchased a new stake in shares of Armstrong Flooring in the fourth quarter valued at about $198,000. Macquarie Group Ltd. purchased a new stake in shares of Armstrong Flooring in the fourth quarter valued at about $227,000. AXA purchased a new position in Armstrong Flooring during the fourth quarter worth about $239,000. Finally, Ellington Management Group LLC purchased a new position in Armstrong Flooring during the fourth quarter worth about $250,000. 97.25% of the stock is owned by institutional investors and hedge funds.

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About Armstrong Flooring

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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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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