Interface CEO Sells $92,450 in Stock (TILE)
Interface (NASDAQ:TILE) CEO Daniel T. Hendrix sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $18.49, for a total value of $92,450.00. Following the completion of the transaction, the chief executive officer now directly owns 600,594 shares of the company’s stock, valued at approximately $11,104,983. The transaction was disclosed in a filing with the SEC, which is available at this link.
Interface (NASDAQ:TILE) traded down 0.26% on Monday, hitting $18.84. 290,241 shares of the company’s stock traded hands. Interface has a 1-year low of $16.73 and a 1-year high of $22.46. The stock has a 50-day moving average of $18.08 and a 200-day moving average of $19.53. The company has a market cap of $1.252 billion and a price-to-earnings ratio of 27.78.
Interface (NASDAQ:TILE) last released its earnings data on Wednesday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter 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.
A number of analysts have recently weighed in on TILE shares. Analysts at Zacks upgraded shares of Interface from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $19.40 price target on the stock. Analysts at TheStreet downgraded shares of Interface from a “buy” rating to a “hold” rating in a research note on Friday, June 13th.
Interface, Inc is an industrials company in the Office Services & Supplies industry.
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