Brokerages expect Interface, Inc. (NASDAQ:TILE) to report earnings per share (EPS) of $0.39 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Interface’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.41. Interface reported earnings of $0.32 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 21.9%. The firm is expected to announce its next earnings results on Wednesday, February 20th.
On average, analysts expect that Interface will report full year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.50. For the next fiscal year, analysts forecast that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.75. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Interface.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Interface had a return on equity of 24.69% and a net margin of 4.35%. The business had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. During the same period last year, the company earned $0.32 EPS.
Several research analysts have recently issued reports on the company. BidaskClub lowered Interface from a “sell” rating to a “strong sell” rating in a research report on Friday. ValuEngine lowered Interface from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Zacks Investment Research upgraded Interface from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 10th. Longbow Research upgraded Interface from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, TheStreet lowered Interface from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.33.
Shares of NASDAQ:TILE traded down $0.22 during midday trading on Monday, hitting $15.11. The company had a trading volume of 485,237 shares, compared to its average volume of 378,527. Interface has a 12 month low of $14.91 and a 12 month high of $26.25. The company has a quick ratio of 1.35, a current ratio of 2.52 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $912.44 million, a P/E ratio of 12.81 and a beta of 1.49.
The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 9th were given a $0.065 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.72%. Interface’s dividend payout ratio is currently 22.03%.
A number of hedge funds have recently bought and sold shares of TILE. NumerixS Investment Technologies Inc lifted its holdings in Interface by 122.6% during the second quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock worth $158,000 after acquiring an additional 3,800 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Interface during the second quarter worth about $170,000. Oppenheimer & Co. Inc. bought a new position in Interface during the third quarter worth about $236,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Interface during the second quarter worth about $289,000. Finally, GAM Holding AG bought a new position in Interface during the second quarter worth about $340,000. Hedge funds and other institutional investors own 92.40% of the company’s stock.
Interface Company Profile
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 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; and luxury vinyl tile products.
Recommended Story: Hedge Funds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.