Armstrong World Industries (AWI) Scheduled to Post Earnings on Tuesday

Armstrong World Industries (NYSE:AWI - Get Free Report) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Armstrong World Industries has set its FY 2024 guidance at 5.600-5.900 EPS and its FY24 guidance at $5.60-$5.90 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Armstrong World Industries (NYSE:AWI - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. Armstrong World Industries had a net margin of 17.28% and a return on equity of 41.56%. The firm had revenue of $312.30 million during the quarter, compared to analysts' expectations of $305.44 million. During the same period last year, the business earned $1.08 earnings per share. Armstrong World Industries's revenue was up 2.6% compared to the same quarter last year. On average, analysts expect Armstrong World Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Armstrong World Industries Trading Up 1.5 %

Armstrong World Industries stock traded up $1.77 during midday trading on Tuesday, hitting $116.48. 270,022 shares of the stock were exchanged, compared to its average volume of 370,139. Armstrong World Industries has a fifty-two week low of $62.03 and a fifty-two week high of $125.56. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.75 and a beta of 1.12. The stock's 50-day simple moving average is $119.44 and its 200 day simple moving average is $100.03. The company has a current ratio of 1.61, a quick ratio of 1.07 and a debt-to-equity ratio of 0.99.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, February 28th. Armstrong World Industries's payout ratio is currently 22.40%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWI. The Goldman Sachs Group lifted their price target on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. UBS Group upgraded shares of Armstrong World Industries from a "sell" rating to a "neutral" rating and lifted their price target for the company from $75.00 to $103.00 in a research report on Thursday, January 4th. StockNews.com upgraded shares of Armstrong World Industries from a "hold" rating to a "buy" rating in a research report on Thursday, March 28th. Finally, Truist Financial lifted their price target on shares of Armstrong World Industries from $95.00 to $131.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.17.

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.