Armstrong World Industries (AWI) to Release Earnings on Tuesday

Armstrong World Industries (NYSE:AWI - Get Free Report) will likely be releasing its earnings data before the market opens on Tuesday, February 25th. Analysts expect Armstrong World Industries to post earnings of $1.37 per share and revenue of $352.09 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Armstrong World Industries Price Performance

NYSE:AWI traded down $2.62 during mid-day trading on Friday, hitting $146.72. 256,942 shares of the stock traded hands, compared to its average volume of 206,919. The business's 50-day moving average price is $147.74 and its 200 day moving average price is $141.14. The company has a market cap of $6.40 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19. Armstrong World Industries has a 12-month low of $110.68 and a 12-month high of $164.40. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Armstrong World Industries Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AWI shares. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Loop Capital lifted their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, UBS Group lifted their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $140.83.

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.