Armstrong Flooring Inc (NYSE:AFI) – SunTrust Banks decreased their FY2018 earnings per share estimates for Armstrong Flooring in a report released on Monday, November 19th. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings per share of $0.38 for the year, down from their previous estimate of $0.51.

AFI has been the subject of a number of other reports. Gabelli raised shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, November 16th. Zacks Investment Research raised shares of Armstrong Flooring from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research note on Thursday, November 8th. Macquarie set a $18.00 price objective on shares of Armstrong Flooring and gave the stock a “hold” rating in a research note on Friday, September 14th. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of Armstrong Flooring in a research note on Thursday, August 9th. Finally, ValuEngine raised shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.25.

Shares of NYSE:AFI opened at $15.85 on Tuesday. Armstrong Flooring has a 52 week low of $12.03 and a 52 week high of $20.46. The firm has a market capitalization of $420.21 million, a price-to-earnings ratio of 75.38, a price-to-earnings-growth ratio of 3.14 and a beta of 2.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.05.

Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Armstrong Flooring had a negative net margin of 1.12% and a positive return on equity of 2.71%. The business had revenue of $309.70 million during the quarter, compared to analysts’ expectations of $313.82 million. During the same period last year, the company posted $0.20 EPS. The business’s revenue was up .4% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC lifted its holdings in shares of Armstrong Flooring by 9.6% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 35,936 shares of the construction company’s stock worth $650,000 after acquiring an additional 3,159 shares during the last quarter. Strs Ohio lifted its holdings in shares of Armstrong Flooring by 8.8% in the 2nd quarter. Strs Ohio now owns 52,900 shares of the construction company’s stock worth $742,000 after acquiring an additional 4,300 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Armstrong Flooring by 41.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 16,562 shares of the construction company’s stock worth $300,000 after acquiring an additional 4,881 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Armstrong Flooring by 683.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,868 shares of the construction company’s stock worth $106,000 after acquiring an additional 5,119 shares during the last quarter. Finally, Mackay Shields LLC lifted its holdings in shares of Armstrong Flooring by 19.0% in the 2nd quarter. Mackay Shields LLC now owns 40,100 shares of the construction company’s stock worth $563,000 after acquiring an additional 6,400 shares during the last quarter. Hedge funds and other institutional investors own 94.13% of the company’s stock.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.

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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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