FY2018 Earnings Forecast for Armstrong World Industries Inc (AWI) Issued By SunTrust Banks

Armstrong World Industries Inc (NYSE:AWI) – Analysts at SunTrust Banks boosted their FY2018 EPS estimates for Armstrong World Industries in a research note issued to investors on Tuesday, October 30th. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $3.75 per share for the year, up from their previous forecast of $3.69. SunTrust Banks currently has a “Buy” rating and a $78.00 target price on the stock. SunTrust Banks also issued estimates for Armstrong World Industries’ Q4 2018 earnings at $0.84 EPS, Q1 2019 earnings at $0.98 EPS, Q3 2019 earnings at $1.35 EPS and Q4 2019 earnings at $0.89 EPS.

AWI has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Goldman Sachs Group initiated coverage on shares of Armstrong World Industries in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $70.00 target price on the stock. ValuEngine lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $73.00 target price on shares of Armstrong World Industries in a research report on Thursday, August 2nd. Finally, KeyCorp raised shares of Armstrong World Industries from a “sector weight” rating to an “overweight” rating and set a $76.00 price target on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $69.00.

Shares of AWI stock opened at $66.87 on Thursday. Armstrong World Industries has a 1 year low of $49.25 and a 1 year high of $73.45. The firm has a market cap of $3.11 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.01 and a current ratio of 2.24.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, October 30th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.06). Armstrong World Industries had a return on equity of 43.76% and a net margin of 19.46%. The company had revenue of $260.50 million for the quarter, compared to the consensus estimate of $252.96 million. During the same period last year, the firm posted $0.90 EPS. The company’s revenue was up 11.4% compared to the same quarter last year.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in shares of Armstrong World Industries by 1.2% in the 1st quarter. Wells Fargo & Company MN now owns 74,061 shares of the construction company’s stock valued at $4,170,000 after purchasing an additional 888 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Armstrong World Industries by 25.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 4,930 shares of the construction company’s stock valued at $278,000 after purchasing an additional 1,000 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Armstrong World Industries by 11.8% in the 2nd quarter. Amalgamated Bank now owns 10,518 shares of the construction company’s stock valued at $665,000 after purchasing an additional 1,108 shares in the last quarter. Ramsey Quantitative Systems boosted its stake in shares of Armstrong World Industries by 25.6% in the 2nd quarter. Ramsey Quantitative Systems now owns 5,962 shares of the construction company’s stock valued at $377,000 after purchasing an additional 1,217 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Armstrong World Industries by 32.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,370 shares of the construction company’s stock valued at $339,000 after purchasing an additional 1,310 shares in the last quarter.

In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 100,000 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $70.03, for a total value of $7,003,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 1,500,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $69.20, for a total transaction of $103,800,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,667,990 shares of company stock worth $115,566,762 in the last three months. Insiders own 1.94% of the company’s stock.

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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Earnings History and Estimates for Armstrong World Industries (NYSE:AWI)

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