Interface Upgraded to Neutral at Zacks (TILE)
Interface (NASDAQ:TILE) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday. The firm currently has a $19.40 price target on the stock. Zacks‘s price objective would suggest a potential upside of 2.70% from the company’s current price.
Interface (NASDAQ:TILE) traded down 0.11% during mid-day trading on Monday, hitting $18.87. The stock had a trading volume of 85,640 shares. Interface has a one year low of $16.73 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 $19.53. The company has a market cap of $1.254 billion and a price-to-earnings ratio of 27.78.
Interface (NASDAQ:TILE) last announced its earnings results 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.
In other Interface news, VP John R. Wells sold 5,342 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $18.54, for a total value of $99,040.68. The sale was disclosed in a legal filing with the SEC, which is available at 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, Inc is an industrials company in the Office Services & Supplies industry.
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