$0.30 EPS Expected for Interface, Inc. (TILE) This Quarter
Analysts expect Interface, Inc. (NASDAQ:TILE) to report earnings per share of $0.30 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Interface’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.29. Interface reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The business is expected to announce its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Interface will report full year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.17. For the next financial year, analysts forecast that the firm will report earnings of $1.32 per share, with EPS estimates ranging from $1.30 to $1.33. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Interface.
Interface (NASDAQ:TILE) last issued its earnings results on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analyst estimates of $255.63 million. Interface had a net margin of 5.53% and a return on equity of 21.39%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS.
In other news, Director Christopher G. Kennedy sold 29,500 shares of Interface stock in a transaction on Friday, September 29th. The stock was sold at an average price of $21.92, for a total transaction of $646,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel T. Hendrix sold 27,000 shares of Interface stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $22.95, for a total value of $619,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 84,000 shares of company stock valued at $1,855,520 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its stake in shares of Interface by 5.3% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,120,601 shares of the textile maker’s stock worth $61,256,000 after buying an additional 157,800 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Interface by 0.7% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,803,740 shares of the textile maker’s stock worth $61,402,000 after buying an additional 20,239 shares during the last quarter. FMR LLC raised its stake in shares of Interface by 14.8% during the 2nd quarter. FMR LLC now owns 2,452,630 shares of the textile maker’s stock worth $48,194,000 after buying an additional 315,606 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Interface by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,447,960 shares of the textile maker’s stock worth $48,102,000 after buying an additional 7,975 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Interface by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,143,358 shares of the textile maker’s stock worth $46,939,000 after buying an additional 31,189 shares during the last quarter. 93.20% of the stock is owned by institutional investors and hedge funds.
Shares of Interface (NASDAQ TILE) traded down $0.15 during midday trading on Tuesday, hitting $24.20. 274,179 shares of the company’s stock traded hands, compared to its average volume of 444,329. The stock has a market cap of $1,460.00, a price-to-earnings ratio of 21.49 and a beta of 1.34. Interface has a 52 week low of $17.17 and a 52 week high of $25.70. The company has a quick ratio of 1.40, a current ratio of 2.51 and a debt-to-equity ratio of 0.66.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, November 9th. Interface’s dividend payout ratio (DPR) is presently 30.23%.
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Interface Company Profile
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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