Equities analysts predict that Armstrong World Industries Inc (NYSE:AWI) will report $239.00 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Armstrong World Industries’ earnings. The highest sales estimate is $241.70 million and the lowest is $237.30 million. Armstrong World Industries reported sales of $214.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The business is scheduled to report its next quarterly earnings report on Monday, February 25th.
On average, analysts expect that Armstrong World Industries will report full year sales of $975.27 million for the current fiscal year, with estimates ranging from $973.70 million to $978.10 million. For the next fiscal year, analysts anticipate that the firm will post sales of $1.04 billion, with estimates ranging from $1.03 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Armstrong World Industries.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data 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 net margin of 19.46% and a return on equity of 45.95%. The business had revenue of $260.50 million during the quarter, compared to analyst estimates of $252.96 million. During the same quarter last year, the business earned $0.90 earnings per share. Armstrong World Industries’s revenue for the quarter was up 11.4% on a year-over-year basis.
Shares of NYSE:AWI traded down $0.38 during midday trading on Friday, hitting $64.42. The stock had a trading volume of 337,700 shares, compared to its average volume of 498,225. Armstrong World Industries has a 12 month low of $54.34 and a 12 month high of $73.45. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $3.20 billion, a PE ratio of 21.33, a P/E/G ratio of 0.84 and a beta of 1.70.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Tuesday, December 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, December 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 1.09%. Armstrong World Industries’s dividend payout ratio (DPR) is 23.18%.
In other Armstrong World Industries news, insider Valueact Capital Master Fund, sold 2,980,000 shares of Armstrong World Industries stock in a transaction on Friday, November 9th. The shares were sold at an average price of $68.15, for a total transaction of $203,087,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.94% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Armstrong World Industries in the second quarter valued at about $183,000. Tower Research Capital LLC TRC bought a new stake in shares of Armstrong World Industries in the third quarter valued at about $196,000. Captrust Financial Advisors boosted its position in shares of Armstrong World Industries by 157.0% in the second quarter. Captrust Financial Advisors now owns 3,136 shares of the construction company’s stock valued at $198,000 after acquiring an additional 1,916 shares during the period. CHICAGO TRUST Co NA bought a new stake in shares of Armstrong World Industries in the fourth quarter valued at about $202,000. Finally, WINTON GROUP Ltd acquired a new position in Armstrong World Industries in the third quarter valued at about $210,000. 96.83% of the stock is owned by institutional investors.
Armstrong World Industries Company Profile
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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