Interface Rating Lowered to Underperform at Zacks (TILE)
Interface (NASDAQ:TILE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Monday, Stock Ratings News reports. They currently have a $17.80 target price on the stock. Zacks‘ target price would indicate a potential downside of 5.22% from the stock’s previous close.
A number of other analysts have also recently weighed in on TILE. Analysts at Sidoti upgraded shares of Interface from a “neutral” rating to a “buy” rating in a research note on Monday. Analysts at Barclays cut their price target on shares of Interface from $23.00 to $22.00 in a research note on Monday, January 27th. They now have an “equal weight” rating on the stock.
Shares of Interface (NASDAQ:TILE) traded up 1.12% during mid-day trading on Monday, hitting $18.99. The stock had a trading volume of 514,090 shares. Interface has a 52-week low of $15.13 and a 52-week high of $22.46. The stock’s 50-day moving average is $20.83 and its 200-day moving average is $19.89. The company has a market cap of $1.259 billion and a price-to-earnings ratio of 25.76.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.02. Analysts expect that Interface will post $0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, March 5th.
Interface Inc is an industrials company in the Office Services & Supplies industry.
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