Analysts Expect Interface, Inc. (TILE) Will Announce Earnings of $0.49 Per Share

Wall Street brokerages forecast that Interface, Inc. (NASDAQ:TILE) will report earnings per share of $0.49 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Interface’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.49. Interface reported earnings of $0.42 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is expected to issue its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Interface will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.63. For the next financial year, analysts anticipate that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.70 to $1.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Interface.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Wednesday, April 24th. The textile maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. Interface had a net margin of 3.41% and a return on equity of 23.53%. The company had revenue of $298.00 million during the quarter, compared to the consensus estimate of $300.16 million. During the same period in the previous year, the firm earned $0.25 earnings per share. Interface’s revenue for the quarter was up 23.7% on a year-over-year basis.

Several equities research analysts have issued reports on TILE shares. BidaskClub upgraded shares of Interface from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research downgraded shares of Interface from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Interface presently has an average rating of “Hold” and an average target price of $25.00.

Several hedge funds have recently made changes to their positions in TILE. Private Capital Group LLC boosted its stake in shares of Interface by 53.2% in the first quarter. Private Capital Group LLC now owns 3,032 shares of the textile maker’s stock valued at $46,000 after purchasing an additional 1,053 shares during the period. PNC Financial Services Group Inc. boosted its stake in Interface by 36.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 773 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in Interface during the 1st quarter valued at $47,000. NumerixS Investment Technologies Inc boosted its stake in Interface by 152.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,832 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Investors Research Corp bought a new position in Interface during the 1st quarter valued at $142,000. Institutional investors and hedge funds own 97.30% of the company’s stock.

TILE opened at $15.87 on Monday. The company has a quick ratio of 1.20, a current ratio of 2.43 and a debt-to-equity ratio of 2.03. Interface has a 52-week low of $13.45 and a 52-week high of $24.55. The company has a market cap of $956.00 million, a price-to-earnings ratio of 10.65 and a beta of 1.56.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.065 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.64%. Interface’s dividend payout ratio (DPR) is presently 17.45%.

About Interface

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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.

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Earnings History and Estimates for Interface (NASDAQ:TILE)

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