Armstrong World Industries Inc (NYSE:AWI) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, AWI is expected to report 3Q20 income of $ 0.93 per share from revenue of $ 228.30 million.
For the full year, analysts anticipate top line of $ 905.92 million, while looking forward to income of $ 3.62 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 851.24 million ~ $ 934.29 million
Click Here For More Historical Outlooks Of Armstrong World Industries Inc
Previous Quarter Performance
Armstrong World Industries Inc unveiled income for the second quarter of $ 0.75 per share, from the revenue of $ 203.20 million. The quarterly earnings contracted 40.94 percent while revenues fell 27.10 percent compared with the same quarter last year.
Wall street analysts are predicting, AWI to report 2Q20 income of $ 0.92 per share from revenue of $ 223.03 million. The bottom line results missed street analysts by $ 0.17 or 18.48 percent, at the same time, top line results fell short of analysts by $ 19.83 million or 8.89 percent.
Stock Performance
Shares of Armstrong World Industries Inc traded low $ -0.89 or -1.32 percent on Friday, reaching $ 66.50 with volume of 420.30 thousand shares. Armstrong World Industries Inc has traded high as $ 67.90 and has cracked $ 65.72 on the downward trend
According to the previous trading day, closing price of $ 66.50, representing a 8.64 % increase from the 52 week low of $ 62.03 and a 39.54 % decrease over the 52 week high of $ 111.46.
The company has a market capital of $ 3.18 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.20 per share on July 22, 2020. The dividend were payable on August 20, 2020 to holders of record as of the close of business on August 6, 2020 and ex-dividend date on August 5, 2020.
Conference Call
Armstrong World Industries Inc will be hosting a conference call at 11:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.armstrongceilings.com
Armstrong World Industries, Inc. designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings in the United States, Canada, and Latin America. The company operates through Mineral Fiber and Architectural Specialties segments.
