What is Zacks Research’s Forecast for AWI FY2024 Earnings?

Armstrong World Industries, Inc. (NYSE:AWI) – Analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Armstrong World Industries in a research report issued on Tuesday, November 12th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will earn $6.19 per share for the year, up from their previous estimate of $6.06. The consensus estimate for Armstrong World Industries’ current full-year earnings is $6.17 per share. Zacks Research also issued estimates for Armstrong World Industries’ Q4 2024 earnings at $1.38 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.81 EPS, Q4 2025 earnings at $1.57 EPS, FY2025 earnings at $6.64 EPS, Q1 2026 earnings at $1.65 EPS, Q2 2026 earnings at $1.76 EPS, Q3 2026 earnings at $1.85 EPS and FY2026 earnings at $6.95 EPS.

Armstrong World Industries (NYSE:AWI) last released its earnings results on Tuesday, October 29th. The construction company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Armstrong World Industries had a return on equity of 40.67% and a net margin of 17.95%. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $386.69 million. During the same period in the prior year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year.

Several other equities research analysts have also commented on the company. 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. StockNews.com upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. 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. Evercore ISI upped their price target on Armstrong World Industries from $127.00 to $140.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on Armstrong World Industries from $121.00 to $122.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.83.

Armstrong World Industries Stock Performance

NYSE AWI opened at $153.67 on Thursday. The company has a market capitalization of $6.70 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.13. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $136.17 and its 200 day moving average price is $124.78. Armstrong World Industries has a twelve month low of $81.47 and a twelve month high of $157.51.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AWI. OneDigital Investment Advisors LLC grew its holdings in shares of Armstrong World Industries by 4.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock worth $245,000 after acquiring an additional 76 shares during the last quarter. Blue Trust Inc. boosted its stake in Armstrong World Industries by 5.9% during the 3rd quarter. Blue Trust Inc. now owns 1,428 shares of the construction company’s stock valued at $188,000 after purchasing an additional 79 shares during the period. US Bancorp DE boosted its stake in Armstrong World Industries by 13.9% during the 3rd quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after purchasing an additional 82 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Armstrong World Industries by 41.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 306 shares of the construction company’s stock valued at $35,000 after purchasing an additional 89 shares during the period. Finally, CWM LLC raised its holdings in Armstrong World Industries by 17.3% in the 2nd quarter. CWM LLC now owns 644 shares of the construction company’s stock valued at $73,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 98.93% of the company’s stock.

Armstrong World Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Armstrong World Industries’s previous quarterly dividend of $0.28. Armstrong World Industries’s dividend payout ratio (DPR) is currently 21.69%.

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.