Armstrong Flooring Inc. Forecasted to Post FY2018 Earnings of $1.15 Per Share (AFI)
Armstrong Flooring Inc. (NYSE:AFI) – Investment analysts at Gabelli decreased their FY2018 earnings per share (EPS) estimates for Armstrong Flooring in a report issued on Tuesday. Gabelli analyst A. Lacayo now anticipates that the brokerage will earn $1.15 per share for the year, down from their prior forecast of $1.25. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Armstrong Flooring’s FY2019 earnings at $1.30 EPS and FY2020 earnings at $1.50 EPS.
Several other research analysts have also issued reports on AFI. SunTrust Banks Inc. lowered shares of Armstrong Flooring from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Monday, August 15th. Zacks Investment Research lowered shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th.
Armstrong Flooring (NYSE:AFI) traded up 0.38% on Wednesday, reaching $18.57. 12,015 shares of the company’s stock were exchanged. Armstrong Flooring has a 52-week low of $11.77 and a 52-week high of $20.85. The firm’s 50 day moving average price is $17.49 and its 200 day moving average price is $18.05. The company has a market cap of $516.75 million and a PE ratio of 122.98.
About Armstrong Flooring
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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