Armstrong Flooring (NYSE:AFI) posted its quarterly earnings results on Wednesday. The construction company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.86), MarketWatch Earnings reports. Armstrong Flooring had a negative return on equity of 22.66% and a negative net margin of 3.90%.
Shares of AFI traded down $0.06 during trading hours on Thursday, hitting $4.87. The company had a trading volume of 2,576 shares, compared to its average volume of 96,567. The company’s fifty day moving average is $5.98. The company has a quick ratio of 0.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $105.63 million, a PE ratio of -4.55 and a beta of 2.82. Armstrong Flooring has a 52-week low of $2.62 and a 52-week high of $6.96.
In other Armstrong Flooring news, CFO Amy Trojanowski bought 20,000 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was acquired at an average price of $5.54 per share, with a total value of $110,800.00. Following the transaction, the chief financial officer now owns 20,000 shares in the company, valued at $110,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Lp 22Nw bought 370,566 shares of the firm’s stock in a transaction on Thursday, June 17th. The stock was acquired at an average cost of $5.48 per share, with a total value of $2,030,701.68. The disclosure for this purchase can be found here. 3.00% of the stock is owned by insiders.
Armstrong Flooring Company Profile
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products in North America and the Pacific Rim. Its products are used in the construction and renovation of commercial, residential, and institutional buildings. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.
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