Somewhat Positive Press Coverage Somewhat Unlikely to Impact Armstrong Flooring (AFI) Stock Price
News headlines about Armstrong Flooring (NYSE:AFI) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Armstrong Flooring earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 45.6344022207828 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages recently commented on AFI. TheStreet raised Armstrong Flooring from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th. Zacks Investment Research raised Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, SunTrust Banks reissued a “hold” rating and issued a $15.00 price target on shares of Armstrong Flooring in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.20.
Armstrong Flooring (AFI) opened at $17.08 on Friday. The company has a market capitalization of $446.08, a PE ratio of -16.91 and a beta of 4.89. Armstrong Flooring has a 1-year low of $13.32 and a 1-year high of $22.96. The company has a quick ratio of 0.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.17.
Armstrong Flooring (NYSE:AFI) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The business had revenue of $308.50 million during the quarter, compared to analysts’ expectations of $294.68 million. Armstrong Flooring had a negative net margin of 2.40% and a positive return on equity of 1.06%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. equities analysts forecast that Armstrong Flooring will post 0.15 EPS for the current fiscal year.
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About Armstrong Flooring
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
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