Wall Street brokerages expect that Interface, Inc. (NASDAQ:TILE) will report $256.05 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Interface’s earnings. The lowest sales estimate is $251.00 million and the highest is $261.00 million. Interface posted sales of $239.51 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to announce its next earnings report on Wednesday, February 28th.

On average, analysts expect that Interface will report full year sales of $256.05 million for the current year, with estimates ranging from $981.20 million to $991.23 million. For the next financial year, analysts expect that the business will report sales of $1.03 billion per share, with estimates ranging from $1.01 billion to $1.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Interface.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Interface had a net margin of 5.53% and a return on equity of 21.39%. The company had revenue of $257.43 million during the quarter, compared to analysts’ expectations of $255.63 million. During the same quarter in the prior year, the company earned $0.25 EPS. Interface’s revenue was up 3.7% compared to the same quarter last year.

TILE has been the subject of several analyst reports. Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Saturday, October 28th. Nomura increased their price target on shares of Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 27th. BidaskClub cut shares of Interface from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target on shares of Interface in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.50.

In other news, Director Daniel T. Hendrix sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $21.45, for a total value of $107,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel T. Hendrix sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $21.79, for a total transaction of $130,740.00. The disclosure for this sale can be found here. In the last three months, insiders sold 84,000 shares of company stock valued at $1,855,520. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. lifted its holdings in shares of Interface by 5.3% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,120,601 shares of the textile maker’s stock worth $61,256,000 after acquiring an additional 157,800 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Interface by 0.7% in 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 acquiring an additional 20,239 shares during the last quarter. FMR LLC lifted its holdings in shares of Interface by 14.8% in the 2nd quarter. FMR LLC now owns 2,452,630 shares of the textile maker’s stock worth $48,194,000 after acquiring an additional 315,606 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Interface by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,447,960 shares of the textile maker’s stock worth $48,102,000 after acquiring an additional 7,975 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Interface by 1.5% in 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 acquiring an additional 31,189 shares during the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Shares of Interface (NASDAQ:TILE) opened at $24.15 on Thursday. Interface has a one year low of $17.17 and a one year 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 firm has a market cap of $1,458.07, a P/E ratio of 21.23 and a beta of 1.35.

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 $0.065 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.08%. Interface’s dividend payout ratio (DPR) is 30.59%.

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About Interface

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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Earnings History and Estimates for Interface (NASDAQ:TILE)

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