Armstrong World Industries (NYSE:AWI) Issues Earnings Results

Armstrong World Industries (NYSE:AWI - Get Free Report) announced its earnings results on Tuesday. The construction company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.11, Zacks reports. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The firm had revenue of $382.70 million for the quarter, compared to analyst estimates of $370.71 million. During the same quarter in the prior year, the business posted $1.38 EPS. The business's revenue was up 17.3% compared to the same quarter last year. Armstrong World Industries updated its FY 2025 guidance to 6.850-7.150 EPS.

Armstrong World Industries Price Performance

AWI stock traded up $2.96 during midday trading on Friday, reaching $149.77. 389,230 shares of the stock were exchanged, compared to its average volume of 274,140. Armstrong World Industries has a 52 week low of $110.68 and a 52 week high of $164.40. The company has a fifty day moving average price of $140.41 and a 200 day moving average price of $146.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market capitalization of $6.50 billion, a PE ratio of 26.41, a P/E/G ratio of 1.60 and a beta of 1.36.

Armstrong World Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, May 8th. Armstrong World Industries's payout ratio is 19.68%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AWI. StockNews.com cut Armstrong World Industries from a "buy" rating to a "hold" rating in a report on Thursday, March 6th. Loop Capital dropped their price target on Armstrong World Industries from $163.00 to $158.00 and set a "hold" rating for the company in a research note on Wednesday. Truist Financial increased their price objective on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. UBS Group boosted their target price on shares of Armstrong World Industries from $150.00 to $158.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group increased their price target on shares of Armstrong World Industries from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $155.50.

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.