Armstrong Flooring Inc. (AFI) Stock Price Up 3.3%
Armstrong Flooring Inc. (NYSE:AFI) rose 3.3% on Wednesday . The stock traded as high as $19.22 and last traded at $18.85, with a volume of 96,893 shares trading hands. The stock had previously closed at $18.25.
AFI has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Armstrong Flooring from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Stifel Nicolaus initiated coverage on shares of Armstrong Flooring in a research note on Wednesday, June 22nd. They issued a “hold” rating on the stock. SunTrust Banks Inc. downgraded shares of Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Monday. Finally, Gabelli initiated coverage on shares of Armstrong Flooring in a research note on Tuesday, August 9th. They issued a “buy” rating on the stock.
The company has a 50-day moving average of $18.71 and a 200-day moving average of $16.64. The company has a market cap of $538.89 million and a P/E ratio of 114.06.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Friday, August 12th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. The company earned $323.70 million during the quarter, compared to analysts’ expectations of $326.60 million. On average, analysts forecast that Armstrong Flooring Inc. will post $0.62 earnings per share for the current fiscal year.
Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.
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