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Interface (NASDAQ:TILE) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Friday.

The analysts wrote, “Interface (TILE) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that the growth in the company’s net income has been quite unimpressive.”

Interface (NASDAQ:TILE) traded down 0.58% on Friday, hitting $17.23. 69,612 shares of the company’s stock traded hands. Interface has a one year low of $16.57 and a one year high of $22.46. The stock has a 50-day moving average of $18.08 and a 200-day moving average of $19.64. The company has a market cap of $1.145 billion and a price-to-earnings ratio of 25.49.

Interface (NASDAQ:TILE) last released its earnings data on Wednesday, April 23rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.07. The company had revenue of $219.00 million for the quarter, compared to the consensus estimate of $222.84 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Interface will post $0.84 earnings per share for the current fiscal year.

Interface, Inc is an industrials company in the Office Services & Supplies industry.

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