Wall Street brokerages expect Armstrong World Industries Inc (NYSE:AWI) to report sales of $279.67 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Armstrong World Industries’ earnings, with the highest sales estimate coming in at $282.60 million and the lowest estimate coming in at $277.00 million. Armstrong World Industries reported sales of $248.60 million during the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The firm is scheduled to report its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Armstrong World Industries will report full-year sales of $1.07 billion for the current fiscal year, with estimates ranging from $1.06 billion to $1.07 billion. For the next financial year, analysts forecast that the business will post sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings results on Monday, April 29th. The construction company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $242.10 million for the quarter, compared to the consensus estimate of $247.38 million. Armstrong World Industries had a net margin of 19.92% and a return on equity of 63.92%. Armstrong World Industries’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS.

A number of brokerages have issued reports on AWI. KeyCorp lifted their price target on shares of Armstrong World Industries from $83.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Nomura lifted their price target on shares of Armstrong World Industries from $78.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Zelman & Associates downgraded shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. SunTrust Banks restated a “buy” rating and issued a $95.00 target price on shares of Armstrong World Industries in a report on Tuesday, April 30th. Finally, Bank of America boosted their target price on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.51.

In related news, SVP Ellen R. Romano sold 6,500 shares of Armstrong World Industries stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $88.21, for a total transaction of $573,365.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 63,910 shares of Armstrong World Industries stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $86.88, for a total transaction of $5,552,500.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,188 shares of company stock worth $6,804,574. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Armstrong World Industries by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,064 shares of the construction company’s stock worth $178,000 after acquiring an additional 356 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Armstrong World Industries in the fourth quarter worth $38,000. M&T Bank Corp grew its position in Armstrong World Industries by 5.5% in the fourth quarter. M&T Bank Corp now owns 3,907 shares of the construction company’s stock worth $229,000 after acquiring an additional 202 shares in the last quarter. Chicago Equity Partners LLC grew its position in Armstrong World Industries by 228.7% in the fourth quarter. Chicago Equity Partners LLC now owns 31,425 shares of the construction company’s stock worth $1,829,000 after acquiring an additional 21,865 shares in the last quarter. Finally, WINTON GROUP Ltd grew its position in Armstrong World Industries by 26.5% in the fourth quarter. WINTON GROUP Ltd now owns 3,826 shares of the construction company’s stock worth $223,000 after acquiring an additional 802 shares in the last quarter.

NYSE AWI traded down $0.12 on Thursday, reaching $95.04. The company had a trading volume of 459,288 shares, compared to its average volume of 351,304. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.15 and a current ratio of 1.27. The company has a market cap of $4.65 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.10 and a beta of 1.70. Armstrong World Industries has a 12 month low of $54.34 and a 12 month high of $97.43.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.74%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 19.13%.

About Armstrong World Industries

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.

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