Analysts Expect Armstrong Flooring (AFI) Will Announce Earnings of -$0.22 Per Share

Wall Street brokerages expect Armstrong Flooring (NYSE:AFI) to report ($0.22) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Armstrong Flooring’s earnings. The lowest EPS estimate is ($0.25) and the highest is ($0.19). Armstrong Flooring reported earnings of ($0.13) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 69.2%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, May 8th.

According to Zacks, analysts expect that Armstrong Flooring will report full year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.17 to $0.53. For the next year, analysts anticipate that the firm will report earnings of $0.80 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Armstrong Flooring.

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Armstrong Flooring (NYSE:AFI) last announced its earnings results on Tuesday, March 6th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.06. Armstrong Flooring had a negative net margin of 3.69% and a positive return on equity of 0.97%. The company had revenue of $262.70 million during the quarter, compared to analyst estimates of $266.70 million. During the same period in the previous year, the business earned ($0.09) earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year.

Separately, Zacks Investment Research upgraded shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Armstrong Flooring currently has a consensus rating of “Hold” and an average price target of $24.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV boosted its position in Armstrong Flooring by 17.7% during the third quarter. KBC Group NV now owns 21,966 shares of the construction company’s stock valued at $346,000 after buying an additional 3,303 shares during the period. Alambic Investment Management L.P. boosted its position in Armstrong Flooring by 2.6% during the fourth quarter. Alambic Investment Management L.P. now owns 187,328 shares of the construction company’s stock valued at $3,170,000 after buying an additional 4,769 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Armstrong Flooring by 1.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 564,173 shares of the construction company’s stock valued at $9,546,000 after buying an additional 5,820 shares during the period. Nationwide Fund Advisors boosted its position in Armstrong Flooring by 5.0% during the third quarter. Nationwide Fund Advisors now owns 184,167 shares of the construction company’s stock valued at $2,901,000 after buying an additional 8,844 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Armstrong Flooring by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 386,099 shares of the construction company’s stock valued at $6,533,000 after buying an additional 9,864 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.

NYSE:AFI traded up $0.57 during midday trading on Monday, hitting $13.84. The company had a trading volume of 233,138 shares, compared to its average volume of 110,891. Armstrong Flooring has a 52-week low of $12.91 and a 52-week high of $20.20. The firm has a market capitalization of $341.37, a PE ratio of 65.90, a price-to-earnings-growth ratio of 1.52 and a beta of 2.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.02 and a current ratio of 2.58.

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About Armstrong Flooring

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.

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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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