Compared to Estimates, Armstrong World Industries (AWI) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Armstrong World Industries (AWI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Armstrong World Industries (AWI) Tops Q2 Earnings and Revenue Estimates
Armstrong World Industries (AWI) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.38 per share a year ago.
Can the 5 Construction Stocks Hit Targets This Earnings Season?
The Zacks Construction sector is set to report tepid earnings growth in this earnings season. Let's see how some of these companies, reporting on Jul 30, are likely to perform.
Armstrong World Industries (AWI) Up 0.6% Since Last Earnings Report: Can It Continue?
Armstrong World Industries (AWI) reported earnings 30 days ago. What's next for the stock?
All You Need to Know About Armstrong World Industries (AWI) Rating Upgrade to Strong Buy
Armstrong World Industries (AWI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Armstrong World (AWI) to Reduce Carbon with New Ceiling Panels
Armstrong World (AWI) expands its sustainable product line to reduce carbon in commercial buildings with Ultima Low Embodied Carbon (LEC) ceiling panels.
Is Armstrong World Industries (AWI) Outperforming Other Construction Stocks This Year?
Here is how Armstrong World Industries (AWI) and Acuity Brands (AYI) have performed compared to their sector so far this year.
Top 5 Stocks to Buy in the Flourishing Building Products Industry
A focus on operational efficiencies, higher government spending and improved residential market raise hopes for OC, AWI, KNF, ACA and FTDR.
Armstrong World Industries, Inc. (NYSE:AWI) Shares Bought by Charles Schwab Investment Management Inc.
Charles Schwab Investment Management Inc. raised its holdings in shares of Armstrong World Industries, Inc. (NYSE:AWI – Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,943 shares of the construction company’s stock after acquiring an additional 8,425 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of Armstrong World Industries worth $42,960,000 at the end of the most recent quarter. Several other large investors have also made changes to their positions in the business. Yousif Capital Management LLC purchased a new stake in shares of Armstrong World Industries in the fourth quarter valued at approximately $2,190,000. Mutual of America Capital Management LLC acquired a new stake in Armstrong World Industries during the 4th quarter worth $760,000. Dark Forest Capital Management LP purchased a new stake in shares of Armstrong World Industries during the third quarter worth $1,630,000. Savant Capital LLC raised its position in shares of Armstrong World Industries by 24.3% in the fourth quarter. Savant Capital LLC now owns 7,247 shares of the construction company’s stock valued at $713,000 after buying an additional 1,419 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Armstrong World Industries by 211.3% in the fourth quarter. State of Alaska Department of Revenue now owns 40,042 shares of the construction company’s stock worth $3,936,000 after buying an additional 27,179 shares in the last quarter. 98.93% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Armstrong World Industries from $111.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Truist Financial lifted their target price on shares of Armstrong World Industries from $95.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. UBS Group boosted their target price on shares of Armstrong World Industries from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Evercore ISI lifted their price target on shares of Armstrong World Industries from $117.00 to $119.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.17. Get Our Latest Research Report on AWI Armstrong World Industries Trading Down 0.4 % AWI opened at $113.87 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.79 and a debt-to-equity ratio of 0.93. The firm has a market cap of $4.98 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.71 and a beta of 1.12. Armstrong World Industries, Inc. has a 52 week low of $62.03 and a 52 week high of $125.56. The business has a fifty day simple moving average of $118.91 and a 200-day simple moving average of $105.57. Armstrong World Industries (NYSE:AWI – Get Free Report) last released its earnings results on Tuesday, April 30th. The construction company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.15. The company had revenue of $326.30 million during the quarter, compared to the consensus estimate of $319.44 million. Armstrong World Industries had a return on equity of 41.81% and a net margin of 18.03%. Armstrong World Industries’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. On average, equities analysts expect that Armstrong World Industries, Inc. will post 5.89 earnings per share for the current year. Armstrong World Industries Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. Armstrong World Industries’s dividend payout ratio (DPR) is presently 21.05%. Armstrong World Industries Company Profile (Free Report) Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.
Here's Why Investors Should Buy Armstrong World (AWI) Stock Now
Armstrong World (AWI) benefits from timely investments in new products and digitization, as well as strategic acquisitions.
