Wall Street analysts forecast that Interface, Inc. (NASDAQ:TILE) will post earnings per share (EPS) of $0.41 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Interface’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.40. Interface also posted earnings of $0.41 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that Interface will report full-year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.53. For the next year, analysts expect that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.64 to $1.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Interface.
Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, October 25th. The textile maker reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Interface had a net margin of 5.16% and a return on equity of 25.71%. The company had revenue of $348.40 million for the quarter, compared to analyst estimates of $346.58 million. During the same quarter in the prior year, the business posted $0.41 EPS. Interface’s quarterly revenue was up 9.5% on a year-over-year basis.
Shares of TILE traded down $0.08 during mid-day trading on Monday, hitting $16.36. 178,900 shares of the company’s stock were exchanged, compared to its average volume of 372,926. The firm has a fifty day moving average of $15.29 and a two-hundred day moving average of $14.39. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 10.98 and a beta of 1.57. Interface has a twelve month low of $10.37 and a twelve month high of $19.40. The company has a quick ratio of 1.18, a current ratio of 2.22 and a debt-to-equity ratio of 1.92.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, November 7th. Interface’s dividend payout ratio (DPR) is currently 17.45%.
In other news, Director Christopher G. Kennedy bought 44,160 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of $13.73 per share, for a total transaction of $606,316.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in TILE. Vanguard Group Inc. increased its position in Interface by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,302,283 shares of the textile maker’s stock valued at $96,614,000 after acquiring an additional 80,470 shares in the last quarter. Westwood Holdings Group Inc. increased its position in Interface by 4.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,535,973 shares of the textile maker’s stock valued at $38,876,000 after acquiring an additional 96,515 shares in the last quarter. Invesco Ltd. increased its position in Interface by 35.4% in the 2nd quarter. Invesco Ltd. now owns 2,408,394 shares of the textile maker’s stock valued at $36,920,000 after acquiring an additional 629,535 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in Interface by 12.3% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,376,957 shares of the textile maker’s stock valued at $21,109,000 after acquiring an additional 150,506 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Interface by 4.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,004,728 shares of the textile maker’s stock valued at $15,404,000 after acquiring an additional 38,735 shares in the last quarter. Institutional investors and hedge funds own 90.33% 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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.
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