Brokerages expect that Armstrong World Industries (NYSE:AWI) will announce sales of $231.83 million for the current quarter, Zacks reports. Three analysts have issued estimates for Armstrong World Industries’ earnings, with estimates ranging from $229.20 million to $233.80 million. Armstrong World Industries posted sales of $315.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 26.5%. The company is scheduled to report its next earnings report on Monday, May 7th.
On average, analysts expect that Armstrong World Industries will report full year sales of $231.83 million for the current financial year, with estimates ranging from $936.66 million to $950.30 million. For the next fiscal year, analysts expect that the business will report sales of $987.58 million per share, with estimates ranging from $985.96 million to $989.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Armstrong World Industries.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, February 26th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.16). Armstrong World Industries had a return on equity of 41.95% and a net margin of 12.77%. The company had revenue of $214.30 million for the quarter, compared to analyst estimates of $263.06 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis.
Shares of Armstrong World Industries stock traded down $0.55 during trading on Friday, hitting $55.90. 367,520 shares of the company were exchanged, compared to its average volume of 446,923. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.40 and a quick ratio of 2.20. Armstrong World Industries has a fifty-two week low of $41.20 and a fifty-two week high of $64.60. The company has a market capitalization of $2,968.58, a P/E ratio of 18.56, a P/E/G ratio of 0.92 and a beta of 1.68.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new position in Armstrong World Industries in the 4th quarter valued at $221,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth $238,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth $4,687,000. Gotham Asset Management LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth $233,000. Finally, Jane Street Group LLC acquired a new stake in shares of Armstrong World Industries during the 4th quarter worth $332,000.
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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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