What is Zacks Research’s Forecast for AWI FY2024 Earnings?

Armstrong World Industries, Inc. (NYSE:AWI) – Equities researchers at Zacks Research lifted their FY2024 EPS estimates for Armstrong World Industries in a report released on Tuesday, November 12th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings of $6.19 per share for the year, up from their prior estimate of $6.06. The consensus estimate for Armstrong World Industries’ current full-year earnings is $6.17 per share. Zacks Research also issued estimates for Armstrong World Industries’ Q4 2024 earnings at $1.38 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $6.64 EPS, Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $1.76 EPS, Q3 2026 earnings at $1.85 EPS and FY2026 earnings at $6.95 EPS.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group raised their price objective on shares of Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 20th. Truist Financial raised their target price on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI raised their target price on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Stock Performance

AWI opened at $153.67 on Thursday. Armstrong World Industries has a 52-week low of $81.47 and a 52-week high of $157.51. The firm’s 50-day moving average price is $136.17 and its 200-day moving average price is $124.78. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.70 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.13.

Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a $0.308 dividend. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, November 7th. Armstrong World Industries’s payout ratio is currently 21.69%.

Institutional Investors Weigh In On Armstrong World Industries

Institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new stake in Armstrong World Industries in the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new stake in Armstrong World Industries during the first quarter worth $27,000. V Square Quantitative Management LLC purchased a new stake in Armstrong World Industries during the third quarter worth $31,000. First Horizon Advisors Inc. boosted its position in Armstrong World Industries by 33.0% during the second quarter. First Horizon Advisors Inc. now owns 504 shares of the construction company’s stock worth $57,000 after purchasing an additional 125 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Armstrong World Industries by 53.7% in the third quarter. UMB Bank n.a. now owns 438 shares of the construction company’s stock valued at $58,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

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.