Armstrong Flooring Inc (NYSE:AFI) – Equities researchers at SunTrust Banks increased their Q4 2018 earnings per share (EPS) estimates for Armstrong Flooring in a research note issued to investors on Monday, November 19th. SunTrust Banks analyst K. Hughes now forecasts that the construction company will earn ($0.14) per share for the quarter, up from their previous forecast of ($0.19). SunTrust Banks also issued estimates for Armstrong Flooring’s Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at ($0.05) EPS and FY2019 earnings at $0.83 EPS.

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

AFI stock opened at $15.85 on Wednesday. The stock has a market capitalization of $420.21 million, a P/E ratio of 75.38, a P/E/G ratio of 3.14 and a beta of 2.27. Armstrong Flooring has a 52 week low of $12.03 and a 52 week high of $20.46. 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 posted its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.13. The business had revenue of $309.70 million during the quarter, compared to the consensus estimate of $313.82 million. Armstrong Flooring had a positive return on equity of 2.71% and a negative net margin of 1.12%. Armstrong Flooring’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share.

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Armstrong Flooring by 159.3% in the third quarter. Morgan Stanley now owns 145,163 shares of the construction company’s stock valued at $2,627,000 after buying an additional 89,187 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Armstrong Flooring by 130.0% in the third quarter. TIAA CREF Investment Management LLC now owns 355,372 shares of the construction company’s stock valued at $6,432,000 after acquiring an additional 200,842 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Armstrong Flooring in the third quarter valued at approximately $279,000. AQR Capital Management LLC bought a new stake in Armstrong Flooring in the third quarter valued at approximately $735,000. Finally, MetLife Investment Advisors LLC boosted its holdings in Armstrong Flooring by 41.8% in the third quarter. MetLife Investment Advisors LLC now owns 16,562 shares of the construction company’s stock valued at $300,000 after acquiring an additional 4,881 shares during the last quarter. 94.13% of the stock is owned by institutional investors.

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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