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The share price of Interface, Inc. (NASDAQ: TILE) hit a 52-week high in midday trading on Monday. Earnings previously announced were better than expected. The stock's highest trading price was US$17.82, and the last trading price was US$17.82, with a trading volume of 3641 shares. The stock previously closed at $15.99. The textile manufacturer reported earnings per share of US$0.29 for the quarter, which was US$0.01 higher than the consensus estimate of US$0.28. The company's revenue for the quarter was 312.7 million U.S. dollars, while the market generally expected it to be 315.2 million U.S. dollars. Interface's return on equity is 19.01%, and its net profit margin is 4.35%. Compared with the same period last year, Interface's revenue increased by 12.2%. In the same period last year, the company's earnings per share were $0.28.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 17. On Friday, September 3, the shareholders of record received a dividend of $0.01. This means that the annualized dividend is $0.04 and the dividend yield is 0.23%. The dividend ex-dividend date is Thursday, September 2. Interface's current payout ratio is 3.48%.

Several stock analysts recently released reports on the company. Zacks Investment Research downgraded Interface from a "Strong Buy" rating to a "Hold" rating in a research report on Tuesday, October 12. In a research report on Monday, Raymond James upgraded Interface from a "market performance" rating to "outperform" and set a price target of $19.00 for the company.

Hedge funds bought and sold the stock recently. Vanguard Group Inc. increased its stake in Interface by 3.1% in the second quarter. After purchasing 185,733 additional shares in the last quarter, Vanguard Group Inc. now owns 6,225,309 shares of the textile manufacturer, valued at US$95,247,000. State Street Corp increased its stake in Interface by 4.8% in the second quarter. State Street bought 91,463 shares last quarter and now owns 1,981,592 shares of the textile manufacturer, valued at $30,318,000. Invesco Ltd. increased its stake in Interface by 36.6% in the second quarter. After purchasing another 346,236 shares last quarter, Invesco Ltd. now owns 1,292,085 shares of the textile manufacturer, valued at US$19,770,000. Geode Capital Management LLC increased its stake in Interface by 2.3% in the second quarter. After acquiring 22,602 additional shares last quarter, Geode Capital Management LLC now owns 1,006,139 shares of the textile manufacturer, valued at US$15,393,000. Finally, Matthew 25 Management Corp increased its stake in Interface by 7.2% in the second quarter. Matthew 25 Management Corp now owns 912,500 shares of the textile manufacturer. After purchasing 61​​,500 shares last quarter, they are valued at $13,961,000. Hedge funds and other institutional investors hold 88.61% of the company's shares.

The company has a market capitalization of US$1.05 billion, a P/E ratio of 19.74, and a beta of 1.87. The company's quick ratio is 1.26, current ratio is 2.38, and debt-to-equity ratio is 1.61. The 50-day moving average price of the stock is $14.91, and the 200-day moving average price is $14.74.

Introduction of Interface Company (NASDAQ: TILE)

Interface, Inc is a flooring company that provides square carpets and resilient flooring, including luxury vinyl floor tiles and rubber flooring products. The company designs, manufactures and sells modular carpets, manufactures them for the commercial and institutional markets under the interface brand, and manufactures FLOR modular carpets for the consumer market.

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