Armstrong Flooring Inc. (AFI) Reaches New 1-Year High at $20.75
Shares of Armstrong Flooring Inc. (NYSE:AFI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.75 and last traded at $20.58, with a volume of 193,084 shares. The stock had previously closed at $20.39.
A number of analysts have recently issued reports on AFI shares. Gabelli started coverage on shares of Armstrong Flooring in a report on Tuesday, August 9th. They set a “buy” rating for the company. Stifel Nicolaus started coverage on shares of Armstrong Flooring in a report on Wednesday, June 22nd. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Finally, SunTrust Banks Inc. downgraded shares of Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Monday, August 15th.
The firm’s 50 day moving average is $19.22 and its 200-day moving average is $16.84. The company has a market capitalization of $571.13 million and a PE ratio of 120.88.
Armstrong Flooring (NYSE:AFI) last issued its earnings results on Friday, August 12th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $323.70 million for the quarter, compared to analyst estimates of $326.60 million. Analysts expect that Armstrong Flooring Inc. will post $0.63 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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