Armstrong World Industries Inc (NYSE: AWI) has reported earnings for its second fiscal quarter (ending June 30) of $1.50 versus $1.34 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.49 compared to $4.63 a year ago.
Recent Price Action
On 7/30/24, Armstrong World Industries Inc (NYSE: AWI) stock increased 1.1%, closing at $132.17. Moreover, trading volume in this advance was unusually high at 175% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
AWI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Armstrong World Industries has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Armstrong World Industries has a neutral Appreciation Score of 43 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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