Armstrong Flooring (NYSE:AFI) Releases Quarterly Earnings Results, Misses Expectations By $0.86 EPS

Armstrong Flooring (NYSE:AFI) announced its earnings results on Wednesday. The construction company reported ($0.79) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.86), MarketWatch Earnings reports. Armstrong Flooring had a negative return on equity of 22.66% and a negative net margin of 3.90%.

AFI traded down $0.06 during midday trading on Thursday, hitting $4.87. 2,877 shares of the company were exchanged, compared to its average volume of 96,567. The firm has a market capitalization of $105.63 million, a price-to-earnings ratio of -4.55 and a beta of 2.82. Armstrong Flooring has a 1-year low of $2.62 and a 1-year high of $6.96. The business has a 50 day moving average price of $5.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.70 and a quick ratio of 0.70.

In related news, CFO Amy Trojanowski acquired 20,000 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was purchased at an average cost of $5.54 per share, with a total value of $110,800.00. Following the acquisition, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $110,800. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Lp 22Nw acquired 370,566 shares of the firm’s stock in a transaction on Thursday, June 17th. The shares were bought at an average cost of $5.48 per share, with a total value of $2,030,701.68. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Armstrong Flooring stock. Morgan Stanley boosted its position in Armstrong Flooring, Inc. (NYSE:AFI) by 318.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,685 shares of the construction company’s stock after purchasing an additional 11,175 shares during the period. Morgan Stanley owned about 0.07% of Armstrong Flooring worth $72,000 as of its most recent SEC filing. Institutional investors own 68.47% of the company’s stock.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products in North America and the Pacific Rim. Its products are used in the construction and renovation of commercial, residential, and institutional buildings. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.

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Earnings History for Armstrong Flooring (NYSE:AFI)

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