Armstrong Flooring Inc (AFI) Expected to Post Earnings of -$0.16 Per Share

Brokerages expect Armstrong Flooring Inc (NYSE:AFI) to announce earnings of ($0.16) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Armstrong Flooring’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.03). Armstrong Flooring reported earnings of ($0.24) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, May 7th.

According to Zacks, analysts expect that Armstrong Flooring will report full year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.17 to $0.35. For the next fiscal year, analysts expect that the firm will post earnings of $0.55 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Armstrong Flooring.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Tuesday, March 5th. The construction company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.18). The firm had revenue of $153.80 million during the quarter, compared to analysts’ expectations of $233.94 million. Armstrong Flooring had a negative net margin of 15.86% and a positive return on equity of 1.78%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.68) earnings per share.

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Armstrong Flooring from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Zelman & Associates raised shares of Armstrong Flooring from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Nomura set a $14.00 price objective on shares of Armstrong Flooring and gave the company a “hold” rating in a research report on Monday, January 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.60.

NYSE:AFI opened at $14.65 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.36. The stock has a market capitalization of $378.50 million, a price-to-earnings ratio of 66.59, a PEG ratio of 2.73 and a beta of 2.26. Armstrong Flooring has a 1-year low of $11.39 and a 1-year high of $20.46.

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its stake in Armstrong Flooring by 33.5% during the first quarter. Assenagon Asset Management S.A. now owns 34,100 shares of the construction company’s stock worth $464,000 after acquiring an additional 8,550 shares during the period. BNP Paribas Arbitrage SA raised its stake in Armstrong Flooring by 96.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,869 shares of the construction company’s stock worth $66,000 after acquiring an additional 2,393 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Armstrong Flooring by 93.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,605 shares of the construction company’s stock worth $171,000 after acquiring an additional 6,079 shares during the period. Strs Ohio raised its stake in Armstrong Flooring by 4.8% during the first quarter. Strs Ohio now owns 45,600 shares of the construction company’s stock worth $620,000 after acquiring an additional 2,100 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Armstrong Flooring by 26.1% during the first quarter. Nisa Investment Advisors LLC now owns 8,700 shares of the construction company’s stock worth $118,000 after acquiring an additional 1,800 shares during the period. 98.24% of the stock is owned by institutional investors.

About Armstrong Flooring

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.

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Earnings History and Estimates for Armstrong Flooring (NYSE:AFI)

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