Armstrong World Industries (AWI) Projected to Post Quarterly Earnings on Tuesday

Armstrong World Industries (NYSE:AWI) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Armstrong World Industries to post earnings of $1.37 per share and revenue of $352.09 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Armstrong World Industries Stock Performance

Shares of Armstrong World Industries stock opened at $146.72 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. The firm has a market cap of $6.40 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.62 and a beta of 1.19. The firm has a 50 day simple moving average of $147.60 and a 200 day simple moving average of $141.62. Armstrong World Industries has a fifty-two week low of $110.68 and a fifty-two week high of $164.40.

Armstrong World Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio is currently 21.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Loop Capital raised their price target on shares of Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Truist Financial lifted their target price on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on shares of Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, UBS Group lifted their target price on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Armstrong World Industries presently has an average rating of “Hold” and a consensus price target of $142.60.

About Armstrong World Industries

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.