What is Zacks Research’s Forecast for AWI FY2024 Earnings?

Armstrong World Industries, Inc. (NYSE:AWI) – Stock analysts at Zacks Research boosted their FY2024 EPS estimates for shares of Armstrong World Industries in a research note issued on Tuesday, November 12th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings per share of $6.19 for the year, up from their prior estimate of $6.06. The consensus estimate for Armstrong World Industries’ current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Armstrong World Industries’ Q4 2024 earnings at $1.38 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $6.64 EPS, Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $1.76 EPS, Q3 2026 earnings at $1.85 EPS and FY2026 earnings at $6.95 EPS.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The business had revenue of $386.60 million for the quarter, compared to analyst estimates of $386.69 million. During the same period last year, the company posted $1.60 EPS. The business’s revenue was up 11.3% on a year-over-year basis.

Several other analysts have also commented on AWI. UBS Group lifted their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Loop Capital lifted their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.83.

Armstrong World Industries Stock Up 0.0 %

AWI stock opened at $153.28 on Thursday. The firm has a market cap of $6.68 billion, a PE ratio of 27.03, a PEG ratio of 1.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm’s 50 day moving average price is $137.42 and its 200-day moving average price is $125.22. Armstrong World Industries has a one year low of $81.47 and a one year high of $157.51.

Armstrong World Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a $0.308 dividend. The ex-dividend date is Thursday, November 7th. This is a boost from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. Armstrong World Industries’s dividend payout ratio (DPR) is 21.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AWI. Jupiter Asset Management Ltd. lifted its holdings in shares of Armstrong World Industries by 1,369.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 246,129 shares of the construction company’s stock valued at $27,872,000 after acquiring an additional 229,378 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Armstrong World Industries by 46.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 460,568 shares of the construction company’s stock worth $52,155,000 after acquiring an additional 145,133 shares during the period. Natixis Advisors LLC lifted its stake in shares of Armstrong World Industries by 35.0% in the 2nd quarter. Natixis Advisors LLC now owns 424,315 shares of the construction company’s stock worth $48,049,000 after acquiring an additional 110,111 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Armstrong World Industries by 171.0% in the 2nd quarter. Squarepoint Ops LLC now owns 125,951 shares of the construction company’s stock worth $14,263,000 after purchasing an additional 79,475 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Armstrong World Industries by 27.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 312,475 shares of the construction company’s stock worth $35,385,000 after purchasing an additional 67,954 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors.

About Armstrong World Industries

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.