Posted by admin on May 23rd, 2022

Equities research analysts expect Interface, Inc. (NASDAQ:TILE – Get Rating) to report earnings of $0.33 per share for the current quarter, according to Zacks. Two analysts have made estimates for Interface’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. Interface reported earnings per share of $0.30 in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Interface will report full-year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.34. For the next financial year, analysts expect that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.39 to $1.74. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Interface.

Interface (NASDAQ:TILE – Get Rating) last announced its earnings results on Friday, May 6th. The textile maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.16 by $0.12. The business had revenue of $288.00 million during the quarter, compared to the consensus estimate of $282.97 million. Interface had a net margin of 4.99% and a return on equity of 22.58%. Interface’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS.

A number of research firms have recently commented on TILE. Raymond James cut their price objective on shares of Interface from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. 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 note on Wednesday, May 11th. Finally, StockNews.com began coverage on shares of Interface in a report on Thursday, March 31st. They issued a “strong-buy” rating for the company.

NASDAQ:TILE opened at $13.39 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.08 and a current ratio of 2.37. The firm’s fifty day moving average is $13.20 and its 200-day moving average is $14.18. Interface has a 52 week low of $12.22 and a 52 week high of $18.03. The firm has a market cap of $793.80 million, a P/E ratio of 12.88 and a beta of 1.79.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Friday, June 3rd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. Interface’s dividend payout ratio (DPR) is presently 3.85%.

Several institutional investors have recently modified their holdings of TILE. First Trust Advisors LP increased its holdings in shares of Interface by 29.3% in the 1st quarter. First Trust Advisors LP now owns 54,206 shares of the textile maker’s stock valued at $830,000 after purchasing an additional 12,292 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Interface by 28.1% during the third quarter. Advisor Group Holdings Inc. now owns 6,328 shares of the textile maker’s stock valued at $95,000 after purchasing an additional 1,388 shares during the period. Barclays PLC increased its stake in shares of Interface by 75.4% in the third quarter. Barclays PLC now owns 61,169 shares of the textile maker’s stock worth $927,000 after buying an additional 26,298 shares during the last quarter. American Century Companies Inc. increased its stake in Interface by 15.2% during the third quarter. American Century Companies Inc. now owns 122,141 shares of the textile maker’s stock valued at $1,850,000 after purchasing an additional 16,109 shares during the last quarter. Finally, Achmea Investment Management B.V. acquired a new position in shares of Interface during the third quarter valued at $1,251,000. Institutional investors and hedge funds own 96.30% of the company’s stock.

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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