Insider Selling: John R. Wells Sells 5,342 Shares of Interface Stock (TILE)
Interface (NASDAQ:TILE) VP John R. Wells sold 5,342 shares of Interface stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $18.54, for a total transaction of $99,040.68. Following the sale, the vice president now directly owns 229,553 shares of the company’s stock, valued at approximately $4,255,913. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at TheStreet downgraded shares of Interface from a “buy” rating to a “hold” rating in a research note on Friday, June 13th.
Interface (NASDAQ:TILE) traded up 0.33% during mid-day trading on Tuesday, hitting $18.51. 449,710 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 $18.00 and a 200-day moving average of $19.56. The company has a market cap of $1.230 billion and a price-to-earnings ratio of 27.13.
Interface (NASDAQ:TILE) last released its earnings data on Wednesday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.08 earnings per share. Interface’s revenue was up 4.1% compared to the same quarter last year. Analysts expect that Interface will post $0.84 EPS for the current fiscal year.
Interface, Inc is an industrials company in the Office Services & Supplies industry.
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