Armstrong World Industries (AWI) to Release Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. Armstrong World Industries had a return on equity of 41.56% and a net margin of 17.28%. Armstrong World Industries’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. 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 Trading Up 0.6 %

AWI stock opened at $114.64 on Tuesday. The company has a market capitalization of $5.02 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.07 and a current ratio of 1.61. Armstrong World Industries has a one year low of $62.03 and a one year high of $125.56. The company’s 50 day moving average price is $119.19 and its two-hundred day moving average price is $99.70.

Armstrong World Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, February 28th. Armstrong World Industries’s dividend payout ratio is currently 22.40%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AWI shares. Truist Financial raised their price objective on Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com raised Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 28th. UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $103.00 in a report on Thursday, January 4th. Finally, The Goldman Sachs Group upped their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Armstrong World Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.17.

Armstrong World Industries Company Profile

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.