Brokerages Expect Armstrong Flooring, Inc. (AFI) to Post $0.38 Earnings Per Share
Analysts forecast that Armstrong Flooring, Inc. (NYSE:AFI) will announce $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Armstrong Flooring’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.39. Armstrong Flooring posted earnings of $0.41 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 7.3%. The company is expected to issue its next earnings report on Friday, August 11th.
On average, analysts expect that Armstrong Flooring will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.70. For the next fiscal year, analysts expect that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.78 to $0.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Armstrong Flooring.
Armstrong Flooring (NYSE:AFI) last released its earnings results on Monday, May 8th. The construction company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.02. The company had revenue of $265.20 million for the quarter, compared to analysts’ expectations of $274.41 million. Armstrong Flooring had a positive return on equity of 2.72% and a negative net margin of 0.01%. Armstrong Flooring’s revenue was down 6.8% on a year-over-year basis.
A number of research firms recently weighed in on AFI. Zacks Investment Research upgraded shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Nomura began coverage on shares of Armstrong Flooring in a research report on Wednesday, April 12th. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Instinet lifted their price objective on shares of Armstrong Flooring from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, April 17th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.75.
Armstrong Flooring (AFI) traded down 0.82% during mid-day trading on Thursday, reaching $18.05. 140,137 shares of the company’s stock traded hands. The stock’s 50 day moving average is $18.65 and its 200-day moving average is $19.57. Armstrong Flooring has a 52 week low of $15.48 and a 52 week high of $22.96. The stock has a market capitalization of $499.32 million, a PE ratio of 228.48 and a beta of 4.61.
About Armstrong Flooring
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Armstrong Flooring Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armstrong Flooring Inc. and related stocks with our FREE daily email newsletter.