Jefferies raised the price target on Armstrong World Industries, Inc. (NYSE: AWI) from $101 to $111. Armstrong World shares rose 1.3% to close at $92.56 on Friday.
Popular (NASDAQ:BPOP) is set to give its latest quarterly earnings report on Thursday, 2022-01-27. Here's what investors need to know before the announcement.
Analysts estimate that Popular will likely report an Earnings Per Share (EPS) of $2.23.
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Popular (NASDAQ:BPOP) reported quarterly earnings of $3.09 per share which beat the analyst consensus estimate of $2.24 by 37.95 percent. This is a 54.5 percent increase over earnings of $2.00 per share from the same
Companies Reporting Before The Bell
• Canadian Pacific Railway (NYSE:CP) is expected to report quarterly earnings at $0.95 per share on revenue of $2.02 billion.