Armstrong World Industries (AWI) Set to Announce Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Armstrong World Industries to post earnings of $1.21 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 5.600-5.900 EPS and its FY24 guidance at $5.60-$5.90 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. The company had revenue of $312.30 million during the quarter, compared to the consensus estimate of $305.44 million. During the same period last year, the business earned $1.08 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts expect Armstrong World Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Armstrong World Industries Stock Up 1.1 %

AWI opened at $116.98 on Monday. Armstrong World Industries has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The business has a 50-day moving average of $120.09 and a 200-day moving average of $100.95. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.07. The company has a market capitalization of $5.12 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12.

Armstrong World Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio is 22.40%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. UBS Group raised Armstrong World Industries from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $103.00 in a report on Thursday, January 4th. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Truist Financial increased their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.60.

About Armstrong World Industries

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.