Armstrong World Industries (AWI) Projected to Post Quarterly Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.37 per share and revenue of $352.09 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Armstrong World Industries Trading Down 1.8 %

NYSE AWI opened at $146.72 on Monday. Armstrong World Industries has a 1-year low of $110.68 and a 1-year high of $164.40. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.40 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The firm’s fifty day simple moving average is $147.60 and its 200-day simple moving average is $141.62.

Armstrong World Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.308 per share. This represents a $1.23 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s payout ratio is 21.69%.

Analysts Set New Price Targets

Several equities analysts have commented on AWI shares. UBS Group increased their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Loop Capital increased their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI increased their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Truist Financial increased their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Armstrong World Industries presently has an average rating of “Hold” and an average target price of $142.60.

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.