Armstrong World Industries (AWI) to Release Quarterly Earnings on Tuesday

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

Armstrong World Industries Trading Down 1.8 %

Shares of AWI stock opened at $146.72 on Friday. The company has a 50 day moving average of $147.60 and a 200-day moving average of $141.46. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.78. Armstrong World Industries has a 12-month low of $110.68 and a 12-month high of $164.40. The firm has a market cap of $6.40 billion, a P/E ratio of 25.88, a PEG ratio of 1.62 and a beta of 1.19.

Armstrong World Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

AWI has been the subject of a number of recent research reports. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. 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. UBS Group raised their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price objective 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, Truist Financial lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $142.60.

Armstrong World Industries Company Profile

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.