Armstrong Flooring Inc (AFI) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Armstrong Flooring Inc (NYSE:AFI) from a sell rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “Armstrong Flooring, Inc. is engaged in the design and manufacture of flooring solutions primarily in North America. Armstrong Flooring, Inc. is headquatered in Lancaster, Pa. “

AFI has been the topic of a number of other research reports. Macquarie reaffirmed a neutral rating on shares of Armstrong Flooring in a research report on Wednesday, December 21st. Stifel Nicolaus upped their price objective on Armstrong Flooring from $18.00 to $20.00 and gave the stock a hold rating in a research report on Tuesday, March 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $19.50.

Shares of Armstrong Flooring (NYSE:AFI) opened at 19.02 on Thursday. The stock has a 50 day moving average price of $20.75 and a 200-day moving average price of $19.40. Armstrong Flooring has a 52-week low of $11.77 and a 52-week high of $22.96. The firm has a market cap of $531.21 million and a PE ratio of 57.64.

Armstrong Flooring (NYSE:AFI) last posted its quarterly earnings data on Monday, March 6th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Armstrong Flooring had a return on equity of 2.37% and a net margin of 0.35%. The business had revenue of $271.70 million for the quarter, compared to analyst estimates of $279.18 million. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Armstrong Flooring will post $0.69 EPS for the current fiscal year.

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About Armstrong Flooring

Armstrong Flooring, Inc is engaged in the designing and manufacturing of flooring solutions that inspire spaces where people live, work, learn, heal and play. The Company manufactures resilient and wood flooring products across North America. The Company safely and responsibly operates approximately 18 manufacturing facilities in three countries.

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