Armstrong Flooring Inc (NYSE:AFI) – Stock analysts at G.Research issued their FY2019 EPS estimates for Armstrong Flooring in a report released on Wednesday, November 6th. G.Research analyst A. Lacayo anticipates that the construction company will earn ($1.20) per share for the year. G.Research also issued estimates for Armstrong Flooring’s FY2020 earnings at ($1.15) EPS, FY2021 earnings at ($0.45) EPS, FY2022 earnings at ($0.25) EPS and FY2023 earnings at ($0.20) EPS.
Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.71). Armstrong Flooring had a negative return on equity of 6.73% and a negative net margin of 32.00%. The business had revenue of $165.60 million for the quarter, compared to analyst estimates of $198.50 million. During the same period in the prior year, the firm posted $0.40 EPS. Armstrong Flooring’s revenue for the quarter was down 20.7% on a year-over-year basis.
Several other research firms have also recently commented on AFI. Stifel Nicolaus set a $9.00 price target on Armstrong Flooring and gave the company a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research cut Armstrong Flooring from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Armstrong Flooring from a “hold” rating to a “buy” rating in a report on Friday. Finally, Nomura cut their price target on Armstrong Flooring from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.94.
Armstrong Flooring stock opened at $4.10 on Friday. The business has a 50 day moving average price of $6.18 and a two-hundred day moving average price of $8.84. The company has a quick ratio of 1.11, a current ratio of 2.14 and a debt-to-equity ratio of 0.23. The stock has a market cap of $79.54 million, a price-to-earnings ratio of 18.64 and a beta of 2.21. Armstrong Flooring has a 12 month low of $3.56 and a 12 month high of $16.92.
A number of institutional investors have recently bought and sold shares of the business. Teton Advisors Inc. raised its holdings in Armstrong Flooring by 6.9% in the 2nd quarter. Teton Advisors Inc. now owns 418,004 shares of the construction company’s stock valued at $4,117,000 after acquiring an additional 27,067 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Armstrong Flooring by 16.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 391,103 shares of the construction company’s stock valued at $3,850,000 after purchasing an additional 54,924 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Armstrong Flooring by 33.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 295,699 shares of the construction company’s stock valued at $2,813,000 after purchasing an additional 74,164 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Armstrong Flooring in the 2nd quarter valued at approximately $2,904,000. Finally, Heartland Advisors Inc. bought a new stake in shares of Armstrong Flooring in the 2nd quarter valued at approximately $2,481,000. 97.10% of the stock is owned by hedge funds and other institutional investors.
Armstrong Flooring Company Profile
Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.
Featured Story: What is a Swap?
Receive News & Ratings for Armstrong Flooring Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring and related companies with MarketBeat.com's FREE daily email newsletter.