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

Armstrong World Industries (NYSE:AWI) posted its earnings results on Tuesday. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $352.09 million. During the same quarter in the prior 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 1.4 %

Shares of NYSE:AWI traded up $2.07 during midday trading on Tuesday, reaching $147.79. The company’s stock had a trading volume of 274,687 shares, compared to its average volume of 214,799. The firm has a 50 day moving average of $147.46 and a 200-day moving average of $141.81. Armstrong World Industries has a 12-month low of $110.68 and a 12-month high of $164.40. The firm has a market capitalization of $6.44 billion, a P/E ratio of 25.87, a PEG ratio of 1.60 and a beta of 1.19. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, March 6th. Armstrong World Industries’s payout ratio is currently 21.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial increased their price objective 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. StockNews.com upgraded shares of Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Loop Capital upped their price target on Armstrong World Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price target on 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, UBS Group raised their price target on shares of Armstrong World Industries from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.