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

Armstrong World Industries (NYSE:AWI) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Armstrong World Industries to post earnings of $1.21 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 5.600-5.900 EPS and its FY24 guidance at $5.60-$5.90 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Armstrong World Industries (NYSE:AWI) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $312.30 million for the quarter, compared to analysts’ expectations of $305.44 million. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, analysts expect Armstrong World Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Armstrong World Industries Price Performance

Shares of AWI opened at $116.98 on Monday. The stock has a market cap of $5.12 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.07 and a current ratio of 1.61. Armstrong World Industries has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The firm’s 50-day simple moving average is $120.09 and its two-hundred day simple moving average is $100.95.

Armstrong World Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, May 8th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 22.40%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWI. UBS Group upgraded shares of Armstrong World Industries from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $103.00 in a report on Thursday, January 4th. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Truist Financial increased their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus price target of $104.60.

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.