Armstrong Flooring Inc (NYSE:AFI) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.25.
AFI has been the topic of several analyst reports. Zacks Investment Research raised Armstrong Flooring from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, January 11th. Nomura set a $14.00 target price on Armstrong Flooring and gave the stock a “hold” rating in a report on Monday, January 14th. Finally, Zelman & Associates raised Armstrong Flooring from a “sell” rating to a “hold” rating in a report on Thursday, March 7th.
Institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new stake in Armstrong Flooring in the fourth quarter valued at approximately $25,000. Csenge Advisory Group acquired a new stake in Armstrong Flooring in the third quarter valued at approximately $41,000. Legal & General Group Plc grew its holdings in Armstrong Flooring by 23.8% in the fourth quarter. Legal & General Group Plc now owns 3,865 shares of the construction company’s stock valued at $46,000 after purchasing an additional 742 shares during the period. Tower Research Capital LLC TRC grew its holdings in Armstrong Flooring by 683.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,868 shares of the construction company’s stock valued at $106,000 after purchasing an additional 5,119 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in Armstrong Flooring in the fourth quarter valued at approximately $76,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.
Armstrong Flooring stock traded down $0.36 during midday trading on Monday, hitting $14.39. 94,400 shares of the company were exchanged, compared to its average volume of 130,986. The firm has a market cap of $381.14 million, a price-to-earnings ratio of 65.41, a price-to-earnings-growth ratio of 2.75 and a beta of 2.26. Armstrong Flooring has a fifty-two week low of $11.39 and a fifty-two week high of $20.46. The company has a quick ratio of 1.36, a current ratio of 2.17 and a debt-to-equity ratio of 0.18.
Armstrong Flooring (NYSE:AFI) last posted its earnings results on Tuesday, March 5th. The construction company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.18). The company had revenue of $153.80 million for the quarter, compared to analyst estimates of $233.94 million. Armstrong Flooring had a positive return on equity of 1.78% and a negative net margin of 15.86%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned ($0.68) earnings per share. Equities analysts expect that Armstrong Flooring will post 0.28 EPS for the current year.
Armstrong Flooring Company Profile
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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