Armstrong World Industries, Inc. (NYSE: AWI) is expected to report quarterly sales of $312.70 million

Brokers expect Armstrong World Industries, Inc. (NYSE:AWI – Get a rating) will announce revenue of $312.70 million for the current quarter, according to Zacks. Three analysts have released earnings estimates for Armstrong World Industries. The lowest sales estimate is $311.80 million and the highest is $313.50 million. Armstrong World Industries recorded sales of $280.00 million in the same quarter last year, suggesting a positive year-over-year growth rate of 11.7%. The company is due to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Armstrong World Industries to report annual sales of $1.24 billion for the current year, with estimates ranging from $1.23 billion to $1.24 billion. For next year, analysts expect the company to record sales of $1.32 billion. Zacks Investment Research sales averages are an average based on a survey of sell-side analysts who track Armstrong World Industries.

Armstrong World Industries (NYSE: AWI – Get a rating) last reported quarterly earnings data on Tuesday, April 26. The construction company reported earnings per share (EPS) of $1.02 for the quarter, missing the consensus estimate of $1.13 per ($0.11). The company posted revenue of $282.60 million in the quarter, compared to analyst estimates of $289.61 million. Armstrong World Industries had a net margin of 16.90% and a return on equity of 40.89%. The company’s quarterly revenue increased by 12.2% compared to the same quarter last year. In the same period a year earlier, the company posted earnings of $0.84 per share.

AWI has been the subject of several research analyst reports. Credit Suisse Group launched a hedge on shares of Armstrong World Industries in a research report on Tuesday, April 5. They set an “outperform” rating and a target price of $120.00 on the stock. StockNews.com downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a Friday, April 8 research report. Loop Capital cut its price target on shares of Armstrong World Industries from $110.00 to $102.00 in a Wednesday, Feb. 23 research report. Truist Financial cut its price target on Armstrong World Industries shares from $124.00 to $110.00 in a Wednesday, April 27 research report. Finally, TheStreet downgraded shares of Armstrong World Industries from a “b-” rating to a “c+” rating in a Monday, March 21 research report. Two equity research analysts gave the stock a sell rating, two issued a hold rating and seven gave the company a buy rating. According to MarketBeat.com, Armstrong World Industries currently has an average rating of “Hold” and an average price target of $116.11.

NYSE AWI shares opened at $83.50 on Wednesday. The company has a market capitalization of $3.92 billion, a P/E ratio of 20.77, a PEG ratio of 1.25 and a beta of 1.18. Armstrong World Industries has a one-year low of $79.11 and a one-year high of $118.14. The company’s fifty-day moving average is $87.77 and its two-hundred-day moving average is $97.85. The company has a debt ratio of 1.17, a quick ratio of 1.11 and a current ratio of 1.65.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 19. Shareholders of record on Thursday, May 5 received a dividend of $0.231. The ex-dividend date was Wednesday, May 4. This represents a dividend of $0.92 on an annualized basis and a yield of 1.11%. Armstrong World Industries’ dividend payout ratio (DPR) is 22.89%.

In other Armstrong World Industries news, SVP Mark A. Hershey sold 1,365 shares of the company in a trade dated Thursday, April 21. The shares were sold at an average price of $95.11, for a total value of $129,825.15. Following the transaction, the senior vice president now directly owns 45,053 shares of the company, valued at approximately $4,284,990.83. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. 1.80% of the shares are currently held by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AWI. CWM LLC acquired a new position in shares of Armstrong World Industries during Q4, valued at approximately $28,000. Clearstead Advisors LLC increased its stake in shares of Armstrong World Industries by 2,013.3% during the 3rd quarter. Clearstead Advisors LLC now owns 317 shares of the construction company valued at $30,000 after acquiring 302 additional shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Armstrong World Industries by 75.4% during the 4th quarter. NEXT Financial Group Inc now owns 314 shares of the construction company valued at $36,000 after acquiring 135 additional shares in the last quarter. Exane Derivatives acquired a new position in shares of Armstrong World Industries during the 1st quarter valued at approximately $39,000. Finally, PrairieView Partners LLC acquired a new stake in Armstrong World Industries during the 4th quarter at a value of approximately $51,000. 98.92% of the shares are held by institutional investors.

Armstrong World Industries Company Profile (Get a rating)

Armstrong World Industries, Inc, together with its subsidiaries, designs, manufactures and sells ceiling systems primarily for 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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