-$0.20 EPS Expected for Armstrong Flooring, Inc. (AFI) This Quarter
Wall Street brokerages expect Armstrong Flooring, Inc. (NYSE:AFI) to post ($0.20) earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Armstrong Flooring’s earnings, with estimates ranging from ($0.24) to ($0.16). Armstrong Flooring reported earnings per share of ($0.09) in the same quarter last year, which suggests a negative year over year growth rate of 122.2%. The company is expected to announce its next earnings report on Monday, March 5th.
On average, analysts expect that Armstrong Flooring will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.20. For the next financial year, analysts expect that the company will post earnings of $0.44 per share, with EPS estimates ranging from $0.19 to $0.59. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Armstrong Flooring.
Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.07). Armstrong Flooring had a positive return on equity of 1.06% and a negative net margin of 2.40%. The firm had revenue of $308.50 million for the quarter, compared to the consensus estimate of $294.68 million. During the same period last year, the company posted $0.43 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year.
Several analysts have issued reports on AFI shares. TheStreet lowered shares of Armstrong Flooring from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Gabelli lowered shares of Armstrong Flooring from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target on shares of Armstrong Flooring in a research report on Monday, August 7th. Zacks Investment Research raised shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $15.00 price objective on shares of Armstrong Flooring in a report on Friday, November 3rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Armstrong Flooring presently has an average rating of “Hold” and an average price target of $24.20.
Several large investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its holdings in shares of Armstrong Flooring by 54.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 202,396 shares of the construction company’s stock valued at $3,188,000 after purchasing an additional 71,546 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Armstrong Flooring by 636.2% in the third quarter. Citadel Advisors LLC now owns 135,223 shares of the construction company’s stock valued at $2,130,000 after purchasing an additional 116,856 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Armstrong Flooring by 276.0% in the third quarter. JPMorgan Chase & Co. now owns 80,485 shares of the construction company’s stock valued at $1,294,000 after purchasing an additional 59,082 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Armstrong Flooring by 1.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 558,353 shares of the construction company’s stock valued at $8,794,000 after acquiring an additional 6,096 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Armstrong Flooring in the third quarter valued at about $459,000.
Shares of Armstrong Flooring (AFI) opened at $15.82 on Monday. The company has a current ratio of 2.66, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. Armstrong Flooring has a 1 year low of $13.32 and a 1 year high of $22.96. The stock has a market cap of $406.97, a price-to-earnings ratio of 65.92 and a beta of 4.50.
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About Armstrong Flooring
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
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