Armstrong World Industries (NYSE:AWI) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $3.53-3.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.34. The company issued revenue guidance of $935-955 million, compared to the consensus revenue estimate of $1.09 billion.
A number of brokerages recently issued reports on AWI. Zacks Investment Research cut Armstrong World Industries from a buy rating to a hold rating in a report on Wednesday, January 31st. Jefferies Group reiterated a hold rating and issued a $66.00 target price on shares of Armstrong World Industries in a report on Wednesday, January 17th. SunTrust Banks reiterated a buy rating and issued a $67.00 target price on shares of Armstrong World Industries in a report on Monday. Royal Bank of Canada increased their target price on Armstrong World Industries from $55.00 to $58.00 and gave the stock a sector perform rating in a report on Wednesday, November 22nd. Finally, Nomura set a $65.00 target price on Armstrong World Industries and gave the stock a buy rating in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $57.13.
Shares of Armstrong World Industries (NYSE:AWI) opened at $59.10 on Wednesday. The company has a market capitalization of $3,138.52, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.39 and a beta of 1.73. Armstrong World Industries has a 12-month low of $41.20 and a 12-month high of $64.60. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.98 and a quick ratio of 1.41.
About Armstrong World Industries
Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.
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