Time to Buy Armstrong World Industries Inc (NASDAQ: AWI) Stock? Here is the INSIGHT

Armstrong World Industries Inc day trading at USD 67.06 per share, then rallying to 67.46 and closing at USD 66.82 per share. A net loss of -0.35% for the day. Long term pricing analysis shows the stock trading at 39.47% lower than it’s 52week high and -4.71% higher than the 52week low. The share volume traded for the day was 1,043K which was 2 times the 50 Day Average Volume.

Armstrong World Industries Inc had a market cap of 3,271,457K as of 13th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ -1.18.

Armstrong World Industries Inc is a Pennsylvania corporation incorporated in 1891. It is an international designer and manufacturer of walls and ceilings. Based in Lancaster, Pennsylvania, AWI has a global manufacturing network of 26 facilities, including nine plants dedicated to its WAVE joint venture.

Financial Results

Armstrong World Industries Inc Reports Fourth Quarter Of Fiscal 2019.

  • Net sales of $246.9 million, up 3% versus the prior-year quarter
  • Operating income of $62.2 million, up 18% versus the prior-year quarter
  • Adjusted EBITDA and EPS grew 14% and 40%, respectively, versus the prior-year quarter
  • 2020 Guidance: Net Sales growth of 6-8%, year-over-year EBITDA margin expansion, and adjusted Free Cash Flow growth of 11-19%
  • Transferring approximately $1 billion of pension obligations to Athene Annuity and Life

Armstrong World Industries Inc (13th May 2020): The Institutional Ownership as of today stood at 101.82% and the Total Value of Holdings (millions) is $ 3,301.

New Institutional Holders and other activity – As of today, the total number of shares held is 48,700,264 by 294 institutional holders.

LATEST NEWS:

3-May-2020:-  Cantillon Capital Management LLC Sells 1,586 Shares of Armstrong World Industries Inc (NYSE: AWI)

Cantillon Capital Management LLC decreased its holdings in Armstrong World Industries Inc (NYSE: AWI) by 0.1% in the first quarter, Holdings Channel reports. The firm owned 1,266,752 shares of the construction company’s stock after selling 1,586 shares during the quarter.

2-May-2020:-  Q2 2020 EPS Estimates for Armstrong World Industries Inc Reduced by SunTrust Banks (NYSE: AWI)

Armstrong World Industries Inc (NYSE: AWI) – Equities researchers at SunTrust Banks cut their Q2 2020 earnings estimates for Armstrong World Industries in a research note issued to investors on Monday, April 27th. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.97 per share for the quarter, down from their prior estimate of $1.23.

1-May-2020:-  Q3 2020 Earnings Estimate for Armstrong World Industries Inc Issued By Jefferies Financial Group (NYSE: AWI)

Armstrong World Industries Inc (NYSE: AWI) – Equities researchers at Jefferies Financial Group lowered their Q3 2020 EPS estimates for Armstrong World Industries in a report issued on Tuesday, April 28th. Jefferies Financial Group analyst P. Ng now expects that the construction company will post earnings of $1.06 per share for the quarter, down from their prior estimate of $1.20.

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