Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Armstrong World Industries (NYSE:AWI) Share Price
News articles about Armstrong World Industries (NYSE:AWI) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Armstrong World Industries earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 47.6144606713225 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- See what the IHS Markit Score report has to say about Armstrong World Industries Inc. (finance.yahoo.com)
- Armstrong World Industries Inc (AWI) Expected to Post Quarterly Sales of $356.15 Million (americanbankingnews.com)
- Armstrong World Industries Inc (NYSE:AWI) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Armstrong World Industries Inc (NYSE:AWI) Upgraded at BidaskClub (americanbankingnews.com)
Shares of Armstrong World Industries (AWI) traded up 1.18% on Friday, hitting $47.10. 321,176 shares of the stock traded hands. The firm has a 50 day moving average price of $45.81 and a 200 day moving average price of $44.44. Armstrong World Industries has a 52-week low of $36.38 and a 52-week high of $49.55. The firm has a market cap of $2.49 billion, a PE ratio of 15.30 and a beta of 1.65.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings data on Monday, July 31st. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. The business had revenue of $330.80 million for 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 company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities analysts forecast that Armstrong World Industries will post $2.73 EPS for the current year.
A number of research analysts have commented on the stock. BidaskClub cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank AG increased their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. TheStreet upgraded shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research report on Monday, July 31st. ValuEngine cut shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.43.
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About Armstrong World Industries
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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