Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Armstrong World Industries Inc (NASDAQ:AWI) To Release Earnings

Analysts await Armstrong World Industries Inc (NASDAQ:AWI) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.46 EPS, up 19.57% or $0.09 from last year’s $0.37 per share.

At the moment 16 analysts are watching Armstrong World Industries Inc (NASDAQ:AWI), 3 rate it “Buy”, 3 “Outperform”, 9 “Underperform”, 1 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 7 analysts have a mean sales target of 645.33 million. For the quarter ending Sep-16, 7 analysts have a mean sales target of 675.87 million whilst for the year ending Dec-16, 8 analysts have a mean target of 2,484.69 million.

In terms of earnings per share, 10 analysts have a 0.72 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 10 analysts have a 0.92 EPS mean target and for the quarter ending Sep-16 there are 11 estimates of 2.51 EPS.

The biggest institutional shareholders in Armstrong World Industries Inc include Asbestos Personal Injury Settlement Tr which owns 5 million shares in the company valued at $240.14 million. Valueact Capital Management, L.p. is the second biggest holder with 5 million shares currently valued at 222.50 million whilst Eton Park Capital Management LP has 4 million shares valued at 167.63 million.

Total shares held by institutions as of the most recent company filings are 52,440,359 with a reported 6,562,404 bought and 11,678,453 sold. These holdings make up 85.83% of the company’s outstanding shares.

Currently insiders hold 830,634 shares in the business which makes up 1.50% of shares. The biggest holder currently is Michael D. Lockhart who owns 244,844 shares (0.44% of those outstanding), whilst Mr. Matthew (Matt) J. Espe holds 87,534 (0.16% of shares outstanding) and F. Nicholas Grasberger,III holds 59,823 (0.11% of shares outstanding).

The stock increased 0.90% or $0.38 during the last trading session, hitting $42.43. Armstrong World Industries Inc (NASDAQ:AWI) has fallen 17.75% over the past 6 months and is downtrending.

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