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

Armstrong World Industries (NYSE:AWI - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 6.000-6.150 EPS.Parties interested in participating in the company's conference call can do so using this link.

Armstrong World Industries (NYSE:AWI - Get Free Report) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The business had revenue of $365.10 million for the quarter, compared to analyst estimates of $360.36 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect Armstrong World Industries to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Armstrong World Industries Price Performance

Shares of AWI traded down $1.44 during trading hours on Tuesday, hitting $138.12. The stock had a trading volume of 202,636 shares, compared to its average volume of 312,034. The company's fifty day moving average is $128.94 and its two-hundred day moving average is $121.48. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.19. Armstrong World Industries has a 52 week low of $68.35 and a 52 week high of $142.33. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.92 and a beta of 1.14.

Armstrong World Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 8th. Armstrong World Industries's payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AWI shares. UBS Group upped their price target on shares of Armstrong World Industries from $122.00 to $136.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Evercore ISI upped their target price on shares of Armstrong World Industries from $119.00 to $127.00 and gave the company an "in-line" rating in a research report on Wednesday, July 31st. Jefferies Financial Group upped their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Truist Financial upped their target price on shares of Armstrong World Industries from $131.00 to $148.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $133.00.

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.