Brokerages Expect Armstrong Flooring Inc (AFI) Will Post Earnings of $0.26 Per Share

Wall Street analysts expect Armstrong Flooring Inc (NYSE:AFI) to report earnings of $0.26 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Armstrong Flooring’s earnings, with estimates ranging from $0.22 to $0.30. Armstrong Flooring also reported earnings per share of $0.26 in the same quarter last year. The company is expected to announce its next quarterly earnings results on Monday, August 6th.

According to Zacks, analysts expect that Armstrong Flooring will report full year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.37. For the next fiscal year, analysts anticipate that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.19 to $0.71. Zacks’ EPS averages are an average based on a survey of research analysts that cover Armstrong Flooring.

Armstrong Flooring (NYSE:AFI) last posted its earnings results on Tuesday, May 8th. The construction company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.08). The company had revenue of $257.90 million for the quarter, compared to analysts’ expectations of $263.24 million. Armstrong Flooring had a negative net margin of 3.94% and a positive return on equity of 0.56%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) earnings per share.

Several equities analysts recently weighed in on AFI shares. Stifel Nicolaus cut their target price on shares of Armstrong Flooring from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, May 9th. Zacks Investment Research cut shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.25.

Armstrong Flooring traded down $0.04, hitting $14.04, during trading on Friday, according to MarketBeat Ratings. 87,742 shares of the company traded hands, compared to its average volume of 131,501. The stock has a market capitalization of $361.61 million, a price-to-earnings ratio of 66.86, a PEG ratio of 2.65 and a beta of 2.37. Armstrong Flooring has a 1 year low of $12.03 and a 1 year high of $18.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 2.59.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC bought a new stake in shares of Armstrong Flooring in the 4th quarter valued at about $3,903,000. Teton Advisors Inc. boosted its holdings in shares of Armstrong Flooring by 13.2% in the 1st quarter. Teton Advisors Inc. now owns 266,400 shares of the construction company’s stock valued at $3,615,000 after acquiring an additional 31,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Armstrong Flooring in the 4th quarter valued at $182,000. Engineers Gate Manager LP purchased a new stake in shares of Armstrong Flooring in the 1st quarter valued at $182,000. Finally, AXA purchased a new stake in shares of Armstrong Flooring in the 4th quarter valued at $239,000. 96.71% of the stock is owned by institutional investors.

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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