Armstrong World Industries (NYSE:AWI) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Armstrong World Industries (NYSE:AWI) issued its quarterly earnings results on Tuesday. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13, Zacks reports. The firm had revenue of $367.70 million during the quarter, compared to the consensus estimate of $364.98 million. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. Armstrong World Industries updated its FY 2025 guidance to 6.850-7.150 EPS and its FY25 guidance to $6.85 to $7.15 EPS.

Armstrong World Industries Trading Down 0.9 %

NYSE:AWI opened at $151.95 on Thursday. The firm has a market capitalization of $6.62 billion, a P/E ratio of 26.80, a PEG ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.11. Armstrong World Industries has a one year low of $110.68 and a one year high of $164.40. The company’s 50-day simple moving average is $147.68 and its 200 day simple moving average is $142.11.

Armstrong World Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.308 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.23 annualized dividend and a dividend yield of 0.81%. Armstrong World Industries’s payout ratio is 21.69%.

Wall Street Analysts Forecast Growth

AWI has been the subject of a number of research reports. Truist Financial boosted their price target on shares of Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group upped their target price on Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday. Evercore ISI boosted 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. Loop Capital lifted their target price on shares of Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.40.

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.