Somewhat Favorable News Coverage Somewhat Unlikely to Impact Armstrong World Industries (AWI) Stock Price
News coverage about Armstrong World Industries (NYSE:AWI) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Armstrong World Industries earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 46.9182788792617 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- DEQ invites comment on Armstrong World Industries air quality permit renewal (portlandtribune.com)
- Armstrong World Industries, Inc. – Value Analysis (NYSE:AWI) : September 2, 2017 (finance.yahoo.com)
- Armstrong World Industries Inc (AWI) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Why Is Armstrong World (AWI) Down 3.4% Since the Last Earnings Report? (finance.yahoo.com)
- $356.15 Million in Sales Expected for Armstrong World Industries Inc (AWI) This Quarter (americanbankingnews.com)
A number of equities analysts have recently commented on AWI shares. BidaskClub lowered shares of Armstrong World Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG lifted their price target on shares of Armstrong World Industries from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. TheStreet upgraded shares of Armstrong World Industries from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, ValuEngine upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Armstrong World Industries presently has an average rating of “Hold” and an average price target of $45.43.
Shares of Armstrong World Industries (NYSE:AWI) opened at 47.90 on Tuesday. Armstrong World Industries has a 52 week low of $36.38 and a 52 week high of $49.55. The firm has a market cap of $2.53 billion, a P/E ratio of 15.56 and a beta of 1.63. The stock has a 50 day moving average of $46.24 and a 200 day moving average of $45.18.
Armstrong World Industries (NYSE:AWI) last posted its quarterly earnings results on Monday, July 31st. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Armstrong World Industries had a return on equity of 49.73% and a net margin of 13.24%. The business had revenue of $330.80 million for the quarter, compared to analysts’ expectations of $330.92 million. During the same quarter in the prior year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts forecast that Armstrong World Industries will post $2.72 earnings per share for the current year.
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Armstrong World Industries Company Profile
Armstrong World Industries, Inc (AWI) is a global producer of ceiling systems. The Company owns and operates the Building Products (Ceilings) segment. The Company designs, manufactures and sells ceiling systems (primarily mineral fiber, fiberglass wool and metal) around the world. Its products are used in commercial and institutional buildings.
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