Armstrong World Industries (NYSE:AWI) Issues Earnings Results

Armstrong World Industries (NYSE:AWI) issued its quarterly earnings data on Tuesday. The construction company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13, Zacks reports. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The company had revenue of $367.70 million during the quarter, compared to analysts’ expectations of $364.98 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. 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 Stock Up 5.1 %

Armstrong World Industries stock opened at $153.22 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.64. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. Armstrong World Industries has a fifty-two week low of $110.68 and a fifty-two week high of $164.40. The stock’s fifty day moving average is $147.51 and its two-hundred day moving average is $142.04.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.308 dividend. This represents a $1.23 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) is 21.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AWI shares. Evercore ISI boosted their price objective on Armstrong World Industries from $127.00 to $140.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Loop Capital upped their price target on Armstrong World Industries from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Truist Financial upped their price target on Armstrong World Industries from $148.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com cut Armstrong World Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group upped their price target on Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.