Armstrong World Industries (AWI) Scheduled to Post Quarterly Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 6.000-6.150 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.55 by $0.07. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. Armstrong World Industries’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 earnings per share. On average, analysts expect Armstrong World Industries to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Armstrong World Industries Stock Down 1.1 %

NYSE AWI opened at $139.45 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.76 and a debt-to-equity ratio of 0.97. The company has a fifty day moving average of $128.53 and a two-hundred day moving average of $121.35. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.92 and a beta of 1.14. Armstrong World Industries has a 52 week low of $68.35 and a 52 week high of $142.33.

Armstrong World Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, August 8th. Armstrong World Industries’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

AWI has been the subject of several recent analyst reports. Evercore ISI lifted their price objective on shares of Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. Jefferies Financial Group boosted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Truist Financial boosted their target price on shares of Armstrong World Industries from $131.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Finally, UBS Group boosted their target price on shares of Armstrong World Industries from $122.00 to $136.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Armstrong World Industries Company Profile

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.