Armstrong World Industries Inc (NYSE: AWI) has reported E.P.S. of $1.37 for its first fiscal quarter (ending March 31) versus $1.04 for the same period a year ago — an increase of 32%. However, this result fell short of the consensus estimate of $1.39 by $-0.02. For the latest four quarters through March 31, E.P.S. were $5.33 compared to $4.41 a year ago — an increase of 21%.
Recent Price Action
Armstrong World Industries Inc (NYSE: AWI) stock closed at $114.88 on 4/30/24 after a decline of -3.3%. Moreover, unusually high trading volume at 179% of normal accompanied the decline. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AWI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Armstrong World Industries has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Armstrong World Industries has a slightly negative Appreciation Score of 40 but a very high Power Rating of 96, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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