Equities analysts expect Armstrong World Industries Inc (NYSE:AWI) to report earnings of $1.18 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Armstrong World Industries’ earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.15. Armstrong World Industries reported earnings of $0.86 per share in the same quarter last year, which would indicate a positive year over year growth rate of 37.2%. The company is expected to report its next earnings results on Monday, October 29th.

According to Zacks, analysts expect that Armstrong World Industries will report full-year earnings of $3.74 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.79. For the next year, analysts forecast that the company will report earnings of $4.40 per share, with EPS estimates ranging from $4.05 to $4.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Armstrong World Industries.

Armstrong World Industries (NYSE:AWI) last announced its earnings results on Tuesday, July 31st. The construction company reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. The firm had revenue of $248.60 million for the quarter, compared to the consensus estimate of $245.81 million. Armstrong World Industries had a net margin of 15.18% and a return on equity of 41.92%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS.

Several research firms have recently issued reports on AWI. ValuEngine upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Jefferies Financial Group restated a “hold” rating and set a $73.00 price objective on shares of Armstrong World Industries in a report on Thursday, August 2nd. Finally, SunTrust Banks boosted their price objective on shares of Armstrong World Industries to $78.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Armstrong World Industries currently has an average rating of “Hold” and a consensus price target of $66.71.

In other Armstrong World Industries news, Director Holdings L.P. Valueact sold 100,000 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $70.03, for a total value of $7,003,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Valueact Capital Master Fund, sold 1,500,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $69.20, for a total transaction of $103,800,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,630,000 shares of company stock worth $112,906,300. 1.94% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Armstrong World Industries by 1.2% in the first quarter. Wells Fargo & Company MN now owns 74,061 shares of the construction company’s stock valued at $4,170,000 after buying an additional 888 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Armstrong World Industries by 25.4% during the first quarter. Xact Kapitalforvaltning AB now owns 4,930 shares of the construction company’s stock worth $278,000 after purchasing an additional 1,000 shares in the last quarter. Amalgamated Bank lifted its position in shares of Armstrong World Industries by 11.8% during the second quarter. Amalgamated Bank now owns 10,518 shares of the construction company’s stock worth $665,000 after purchasing an additional 1,108 shares in the last quarter. Ramsey Quantitative Systems lifted its position in shares of Armstrong World Industries by 25.6% during the second quarter. Ramsey Quantitative Systems now owns 5,962 shares of the construction company’s stock worth $377,000 after purchasing an additional 1,217 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Armstrong World Industries by 32.3% during the second quarter. State of Alaska Department of Revenue now owns 5,370 shares of the construction company’s stock worth $339,000 after purchasing an additional 1,310 shares in the last quarter. Hedge funds and other institutional investors own 99.93% of the company’s stock.

AWI traded down $0.55 during trading on Tuesday, hitting $70.65. The stock had a trading volume of 64,134 shares, compared to its average volume of 339,861. The company has a market capitalization of $3.72 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. Armstrong World Industries has a 12 month low of $48.45 and a 12 month high of $73.45. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.24 and a quick ratio of 2.01.

About Armstrong World Industries

Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.

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