Posted by admin on May 18th, 2022

Interface, Inc. (NASDAQ:TILE – Get Rating) declared a quarterly dividend on Tuesday, May 17th, RTT News reports. Stockholders of record on Friday, June 3rd will be given a dividend of 0.01 per share by the textile maker on Friday, June 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%.

Interface has decreased its dividend payment by an average of 46.4% per year over the last three years. Interface has a dividend payout ratio of 2.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interface to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.5%.

TILE stock opened at $13.78 on Wednesday. The firm has a 50 day moving average of $13.16 and a 200-day moving average of $14.22. The company has a current ratio of 2.37, a quick ratio of 1.08 and a debt-to-equity ratio of 1.38. Interface has a 12 month low of $12.22 and a 12 month high of $18.03. The firm has a market capitalization of $816.88 million, a P/E ratio of 13.24 and a beta of 1.79.

Interface (NASDAQ:TILE – Get Rating) last released its quarterly earnings data on Friday, May 6th. The textile maker reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. Interface had a net margin of 4.99% and a return on equity of 22.58%. The company had revenue of $288.00 million during the quarter, compared to analyst estimates of $282.97 million. During the same period last year, the business earned $0.17 earnings per share. Interface’s revenue was up 13.7% compared to the same quarter last year. Sell-side analysts predict that Interface will post 1.33 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of Interface by 228.8% in the first quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker’s stock worth $35,000 after buying an additional 1,812 shares during the period. Royal Bank of Canada increased its stake in shares of Interface by 51.2% in the third quarter. Royal Bank of Canada now owns 6,471 shares of the textile maker’s stock worth $98,000 after buying an additional 2,190 shares during the period. Zebra Capital Management LLC purchased a new position in shares of Interface in the first quarter worth $174,000. Hsbc Holdings PLC increased its stake in shares of Interface by 62.5% in the first quarter. Hsbc Holdings PLC now owns 17,225 shares of the textile maker’s stock worth $234,000 after buying an additional 6,624 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Interface by 130.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 25,122 shares of the textile maker’s stock worth $401,000 after buying an additional 14,230 shares during the period. Hedge funds and other institutional investors own 96.30% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, May 11th. StockNews.com initiated coverage on shares of Interface in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, Raymond James lowered their price objective on shares of Interface from $19.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, March 2nd.

Interface Company Profile (Get Rating)

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.

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