Armstrong Flooring Inc (AFI) Expected to Announce Quarterly Sales of $261.25 Million
Analysts expect that Armstrong Flooring Inc (NYSE:AFI) will report $261.25 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Armstrong Flooring’s earnings. The lowest sales estimate is $260.60 million and the highest is $261.90 million. Armstrong Flooring posted sales of $271.70 million in the same quarter last year, which suggests a negative year over year growth rate of 3.8%. The business is expected to announce its next earnings results before the market opens on Tuesday, March 6th.
On average, analysts expect that Armstrong Flooring will report full year sales of $261.25 million for the current year. For the next financial year, analysts forecast that the business will report sales of $1.13 billion per share, with estimates ranging from $1.12 billion to $1.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Armstrong Flooring.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.07). Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The firm had revenue of $308.50 million during the quarter, compared to the consensus estimate of $294.68 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis.
Large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Armstrong Flooring during the 4th quarter worth $182,000. Voya Investment Management LLC raised its position in Armstrong Flooring by 13.7% during the 2nd quarter. Voya Investment Management LLC now owns 12,876 shares of the construction company’s stock worth $231,000 after purchasing an additional 1,551 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Armstrong Flooring by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,565 shares of the construction company’s stock worth $351,000 after purchasing an additional 1,056 shares during the last quarter. Alliancebernstein L.P. raised its position in Armstrong Flooring by 34.9% during the 2nd quarter. Alliancebernstein L.P. now owns 19,710 shares of the construction company’s stock worth $354,000 after purchasing an additional 5,100 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in Armstrong Flooring during the 4th quarter worth $336,000. 98.70% of the stock is owned by institutional investors and hedge funds.
Shares of Armstrong Flooring (AFI) traded up $0.12 during trading hours on Friday, reaching $14.57. The company had a trading volume of 96,652 shares, compared to its average volume of 85,986. The company has a market cap of $371.73, a price-to-earnings ratio of -14.43 and a beta of 2.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 2.66. Armstrong Flooring has a twelve month low of $13.32 and a twelve month high of $22.96.
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Armstrong Flooring Company Profile
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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