Armstrong World Industries Inc (AWI) Updates FY17 Earnings Guidance

Armstrong World Industries Inc (NYSE:AWI) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.65-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68.

Shares of Armstrong World Industries Inc (NYSE AWI) traded up 0.11% during trading on Friday, hitting $45.30. 279,776 shares of the stock traded hands. Armstrong World Industries Inc has a 12 month low of $36.38 and a 12 month high of $49.55. The firm’s 50-day moving average price is $45.97 and its 200-day moving average price is $44.68. The stock has a market cap of $2.40 billion, a PE ratio of 14.71 and a beta of 1.65.

Armstrong World Industries (NYSE:AWI) last released its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.04. The business had revenue of $330.80 million during the quarter, compared to the consensus estimate of $330.92 million. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 EPS. Analysts anticipate that Armstrong World Industries Inc will post $2.72 EPS for the current year.

A number of research firms recently commented on AWI. BidaskClub cut Armstrong World Industries from a hold rating to a sell rating in a research report on Thursday, August 10th. ValuEngine cut Armstrong World Industries from a buy rating to a hold rating in a research report on Tuesday, August 1st. TheStreet upgraded Armstrong World Industries from a c+ rating to a b rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Armstrong World Industries from a hold rating to a buy rating and set a $47.00 price objective for the company in a research report on Thursday, June 1st. Finally, Deutsche Bank AG lifted their price objective on Armstrong World Industries from $52.00 to $53.00 and gave the stock a buy rating in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $45.43.

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Armstrong World Industries Company Profile

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.

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

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