Armstrong World Industries (NYSE:AWI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.000-6.150 for the period, compared to the consensus earnings per share estimate of 5.910. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion.
Armstrong World Industries Price Performance
AWI stock traded down $2.75 during mid-day trading on Friday, reaching $126.67. 11,329 shares of the company traded hands, compared to its average volume of 344,675. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.76 and a quick ratio of 1.22. The company has a market capitalization of $5.54 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.92 and a beta of 1.14. Armstrong World Industries has a 52-week low of $68.35 and a 52-week high of $134.90. The company has a fifty day moving average price of $117.68 and a 200-day moving average price of $115.42.
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The business had revenue of $365.10 million during the quarter, compared to analyst estimates of $360.36 million. Armstrong World Industries had a return on equity of 41.53% and a net margin of 17.92%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 EPS. As a group, analysts anticipate that Armstrong World Industries will post 6.07 earnings per share for the current year.
Armstrong World Industries Dividend Announcement
Analysts Set New Price Targets
Several brokerages have recently commented on AWI. UBS Group boosted their price objective on Armstrong World Industries from $122.00 to $136.00 and gave the stock a neutral rating in a report on Wednesday. Evercore ISI boosted their price objective on Armstrong World Industries from $119.00 to $127.00 and gave the stock an in-line rating in a report on Wednesday. Finally, Truist Financial boosted their price objective on Armstrong World Industries from $131.00 to $148.00 and gave the stock a buy rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $135.75.
Get Our Latest Research Report on AWI
About Armstrong World Industries
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.
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