Armstrong Flooring Inc. (AFI) Upgraded by Zacks Investment Research to “Hold”
Armstrong Flooring Inc. (NYSE:AFI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Armstrong Flooring, Inc. is engaged in the design and manufacture of flooring solutions primarily in North America. Armstrong Flooring, Inc. is headquatered in Lancaster, Pa. “
AFI has been the topic of several other research reports. Gabelli initiated coverage on Armstrong Flooring in a research note on Tuesday, August 9th. They set a “buy” rating on the stock. Stifel Nicolaus initiated coverage on Armstrong Flooring in a research note on Wednesday, June 22nd. They set a “hold” rating on the stock. Finally, SunTrust Banks Inc. cut Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Monday, August 15th.
Armstrong Flooring (NYSE:AFI) traded down 0.63% during mid-day trading on Tuesday, hitting $17.45. The stock had a trading volume of 697,081 shares. The stock has a market cap of $484.97 million and a price-to-earnings ratio of 102.65. Armstrong Flooring has a 12-month low of $11.77 and a 12-month high of $20.85. The company has a 50-day moving average of $18.99 and a 200-day moving average of $17.66.
Armstrong Flooring (NYSE:AFI) last announced its quarterly earnings data on Friday, August 12th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The firm had revenue of $323.70 million for the quarter, compared to analyst estimates of $326.60 million. On average, analysts anticipate that Armstrong Flooring will post $0.63 earnings per share for the current fiscal year.
Armstrong Flooring Company Profile
Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.
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