Armstrong Flooring Inc. (AFI) Sets New 52-Week High at $20.79
Shares of Armstrong Flooring Inc. (NYSE:AFI) reached a new 52-week high on Monday . The company traded as high as $20.79 and last traded at $20.60, with a volume of 113,800 shares trading hands. The stock had previously closed at $20.46.
A number of analysts have recently weighed in on the company. Gabelli assumed coverage on Armstrong Flooring in a research note on Tuesday, August 9th. They set a “buy” rating for the company. Zacks Investment Research raised Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. SunTrust Banks Inc. lowered Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Monday, August 15th. Finally, Stifel Nicolaus assumed coverage on Armstrong Flooring in a research note on Wednesday, June 22nd. They set a “hold” rating for the company.
The firm has a market capitalization of $572.52 million and a P/E ratio of 121.18. The company has a 50 day moving average price of $19.41 and a 200 day moving average price of $16.97.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Friday, August 12th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ 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 research analysts expect 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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