Wall Street analysts forecast that Armstrong Flooring Inc (NYSE:AFI) will report sales of $263.75 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Armstrong Flooring’s earnings. The lowest sales estimate is $259.60 million and the highest is $267.90 million. Armstrong Flooring reported sales of $265.20 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.5%. The firm is expected to report its next earnings results on Monday, May 14th.
On average, analysts expect that Armstrong Flooring will report full-year sales of $263.75 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next financial year, analysts forecast that the firm will post sales of $1.16 billion per share. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Armstrong Flooring.
Armstrong Flooring (NYSE:AFI) last posted its earnings results on Tuesday, March 6th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.06. The business had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $266.70 million. Armstrong Flooring had a negative net margin of 3.69% and a positive return on equity of 0.97%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS.
Several research firms have issued reports on AFI. TheStreet upgraded shares of Armstrong Flooring from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Zacks Investment Research upgraded shares of Armstrong Flooring from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.
Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Armstrong Flooring by 10.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,819,201 shares of the construction company’s stock worth $28,653,000 after purchasing an additional 166,504 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Armstrong Flooring by 5.0% in the 3rd quarter. Nationwide Fund Advisors now owns 184,167 shares of the construction company’s stock worth $2,901,000 after purchasing an additional 8,844 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Armstrong Flooring by 54.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 202,396 shares of the construction company’s stock worth $3,188,000 after purchasing an additional 71,546 shares during the period. Spark Investment Management LLC bought a new position in shares of Armstrong Flooring in the 4th quarter worth approximately $3,903,000. Finally, Northern Trust Corp lifted its stake in shares of Armstrong Flooring by 4.5% in the 2nd quarter. Northern Trust Corp now owns 269,007 shares of the construction company’s stock worth $4,835,000 after purchasing an additional 11,530 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.
AFI stock traded down $0.25 on Thursday, reaching $14.03. 65,651 shares of the company’s stock traded hands, compared to its average volume of 113,181. The company has a quick ratio of 1.02, a current ratio of 2.58 and a debt-to-equity ratio of 0.16. The company has a market cap of $364.78, a PE ratio of 67.52, a P/E/G ratio of 1.63 and a beta of 2.52. Armstrong Flooring has a 1-year low of $13.10 and a 1-year high of $20.20.
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Armstrong Flooring Company Profile
Armstrong Flooring, Inc produces flooring products for use primarily in the construction and renovation of residential, commercial and institutional buildings. The Company designs, manufactures, sources and sells resilient and wood flooring products in North America and the Pacific Rim. It operates through two segments: Resilient Flooring and Wood Flooring.
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