Armstrong World Industries (AWI) to Release Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) is scheduled to be releasing its earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 5.800-6.050 EPS and its FY24 guidance at $5.80-$6.05 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, April 30th. The construction company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.15. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 earnings per share. 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 Stock Up 2.8 %

Shares of Armstrong World Industries stock opened at $131.25 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.22 and a debt-to-equity ratio of 0.93. Armstrong World Industries has a 12-month low of $68.35 and a 12-month high of $133.18. The company has a market cap of $5.74 billion, a P/E ratio of 24.67, a PEG ratio of 1.98 and a beta of 1.14. The company’s fifty day simple moving average is $116.41 and its two-hundred day simple moving average is $114.75.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 8th. Armstrong World Industries’s dividend payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AWI. UBS Group lifted their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price target on Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.00.

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.