Interface, Inc. (TILE) To Go Ex-Dividend on June 5th

Interface, Inc. (NASDAQ:TILE) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Friday, June 5th will be paid a dividend of 0.03 per share by the textile maker on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, June 5th.

Interface has decreased its dividend payment by an average of 0.1%per year over the last three years. Interface has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interface to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.2%.

Interface Stock Performance

Shares of TILE opened at $28.75 on Thursday. The stock has a 50 day moving average price of $27.01 and a 200 day moving average price of $28.53. The company has a quick ratio of 1.16, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.86 and a beta of 1.92. Interface has a 52-week low of $18.74 and a 52-week high of $35.11.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $331.04 million during the quarter, compared to the consensus estimate of $320.38 million. Interface had a return on equity of 20.09% and a net margin of 8.92%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. Research analysts predict that Interface will post 2.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TILE has been the subject of a number of research analyst reports. Benchmark initiated coverage on Interface in a report on Tuesday. They issued a “buy” rating and a $36.00 price target for the company. Wall Street Zen raised Interface from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Interface in a report on Friday, April 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.