Armstrong Flooring Inc. (AFI) Sets New 52-Week High at $20.75
Armstrong Flooring Inc. (NYSE:AFI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.75 and last traded at $20.58, with a volume of 193,084 shares traded. The stock had previously closed at $20.39.
Several equities analysts recently issued reports on AFI shares. SunTrust Banks Inc. cut Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Monday, August 15th. Stifel Nicolaus started coverage on Armstrong Flooring in a research note on Wednesday, June 22nd. They set a “hold” rating on the stock. Zacks Investment Research cut Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th. Finally, Gabelli started coverage on Armstrong Flooring in a research note on Tuesday, August 9th. They set a “buy” rating on the stock.
The stock has a 50-day moving average of $19.32 and a 200 day moving average of $16.91. The stock has a market cap of $573.07 million and a PE ratio of 121.29.
Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings results on Friday, August 12th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $326.60 million. On average, equities analysts predict that Armstrong Flooring Inc. will post $0.63 EPS 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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