Armstrong Flooring Inc (NYSE:AFI) – Analysts at SunTrust Banks raised their Q2 2019 earnings per share (EPS) estimates for shares of Armstrong Flooring in a note issued to investors on Wednesday, November 7th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.51 per share for the quarter, up from their prior estimate of $0.41. SunTrust Banks also issued estimates for Armstrong Flooring’s Q3 2019 earnings at $0.49 EPS and FY2019 earnings at $0.99 EPS.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. Armstrong Flooring had a positive return on equity of 2.71% and a negative net margin of 1.12%. The company had revenue of $309.70 million during the quarter, compared to analysts’ expectations of $313.82 million. During the same period last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis.

A number of other analysts have also recently weighed in on AFI. ValuEngine raised Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective on shares of Armstrong Flooring in a research report on Thursday, August 9th. Zacks Investment Research raised Armstrong Flooring from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Friday, August 10th. Finally, Macquarie set a $18.00 price objective on Armstrong Flooring and gave the stock a “hold” rating in a research report on Friday, September 14th. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Armstrong Flooring presently has an average rating of “Buy” and a consensus price target of $17.67.

Armstrong Flooring stock opened at $15.73 on Friday. Armstrong Flooring has a twelve month low of $12.03 and a twelve month high of $20.46. The company has a quick ratio of 0.93, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. The company has a market cap of $395.16 million, a price-to-earnings ratio of 74.90, a P/E/G ratio of 1.56 and a beta of 2.27.

Several hedge funds have recently modified their holdings of AFI. Nantahala Capital Management LLC raised its stake in shares of Armstrong Flooring by 15.7% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,653,016 shares of the construction company’s stock worth $23,208,000 after buying an additional 224,695 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Armstrong Flooring by 81.9% during the 2nd quarter. Renaissance Technologies LLC now owns 436,022 shares of the construction company’s stock worth $6,122,000 after buying an additional 196,322 shares in the last quarter. BlackRock Inc. raised its stake in shares of Armstrong Flooring by 11.4% during the 3rd quarter. BlackRock Inc. now owns 1,779,944 shares of the construction company’s stock worth $32,217,000 after buying an additional 182,003 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Armstrong Flooring by 74.8% during the 2nd quarter. Citadel Advisors LLC now owns 221,668 shares of the construction company’s stock worth $3,112,000 after buying an additional 94,825 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Armstrong Flooring by 43.6% during the 1st quarter. Millennium Management LLC now owns 257,279 shares of the construction company’s stock worth $3,491,000 after buying an additional 78,091 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. It operates through two segments, Resilient Flooring and Wood Flooring. The Resilient Flooring segment offers a range of floor coverings primarily for homes and commercial buildings under the Armstrong brand; and luxury vinyl tile products, vinyl tile flooring, vinyl sheet products, and laminate products, as well as installs and maintains materials and accessories.

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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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