Wall Street brokerages predict that Armstrong World Industries Inc (NYSE:AWI) will post sales of $356.15 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Armstrong World Industries’ earnings, with estimates ranging from $355.20 million to $357.27 million. Armstrong World Industries reported sales of $334.90 million during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is expected to issue its next earnings report on Monday, October 30th.

On average, analysts expect that Armstrong World Industries will report full-year sales of $356.15 million for the current financial year. For the next financial year, analysts forecast that the firm will post sales of $1.38 billion per share, with estimates ranging from $1.37 billion to $1.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The company had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $330.92 million. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share.

AWI has been the topic of several research analyst reports. Instinet increased their price target on Armstrong World Industries from $20.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, April 17th. Zacks Investment Research upgraded Armstrong World Industries from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Monday, April 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $50.00 price objective on shares of Armstrong World Industries in a research note on Thursday, June 15th. Finally, ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Armstrong World Industries currently has a consensus rating of “Hold” and a consensus target price of $45.43.

Armstrong World Industries (NYSE AWI) opened at 46.55 on Friday. The stock has a market capitalization of $2.46 billion, a PE ratio of 15.12 and a beta of 1.65. Armstrong World Industries has a 12 month low of $36.38 and a 12 month high of $49.55. The stock has a 50 day moving average price of $45.72 and a 200 day moving average price of $44.39.

Several large investors have recently bought and sold shares of AWI. Sei Investments Co. raised its stake in shares of Armstrong World Industries by 22.4% in the first quarter. Sei Investments Co. now owns 134,202 shares of the construction company’s stock worth $6,180,000 after buying an additional 24,602 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Armstrong World Industries during the first quarter worth about $444,000. UBS Asset Management Americas Inc. raised its stake in shares of Armstrong World Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 36,461 shares of the construction company’s stock worth $1,679,000 after buying an additional 4,247 shares during the last quarter. Swiss National Bank raised its stake in shares of Armstrong World Industries by 1.3% in the first quarter. Swiss National Bank now owns 68,400 shares of the construction company’s stock worth $3,150,000 after buying an additional 900 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Armstrong World Industries by 15.1% in the first quarter. Comerica Bank now owns 222,018 shares of the construction company’s stock worth $10,546,000 after buying an additional 29,169 shares during the last quarter.

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Armstrong World Industries Company Profile

Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.

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Earnings History and Estimates for Armstrong World Industries (NYSE:AWI)

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