Armstrong World Industries (AWI) to Release Quarterly Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) will be issuing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.75 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 6.000-6.150 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $365.10 million during the quarter, compared to analyst estimates of $360.36 million. Armstrong World Industries had a net margin of 17.92% and a return on equity of 41.53%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS. 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 Price Performance

Shares of NYSE AWI opened at $136.19 on Friday. The firm has a market cap of $5.96 billion, a PE ratio of 25.60, a PEG ratio of 1.92 and a beta of 1.14. The company has a current ratio of 1.76, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. Armstrong World Industries has a 1-year low of $72.30 and a 1-year high of $142.33. The company has a fifty day moving average price of $130.29 and a 200 day moving average price of $121.96.

Armstrong World Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, November 7th. Armstrong World Industries’s dividend payout ratio is currently 21.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AWI. Jefferies Financial Group upped their price objective on Armstrong World Industries from $121.00 to $122.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group upped their price objective on Armstrong World Industries from $122.00 to $136.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. Evercore ISI upped their price objective on Armstrong World Industries from $119.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. Finally, Truist Financial upped their price objective on Armstrong World Industries from $131.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Armstrong World Industries has an average rating of “Moderate Buy” and a consensus price target of $133.00.

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.