Interface, Inc. (TILE) Expected to Post Earnings of $0.30 Per Share

Analysts expect Interface, Inc. (NASDAQ:TILE) to announce earnings of $0.30 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Interface’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.29. Interface reported earnings per share of $0.28 in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The company is expected to report its next earnings results on Wednesday, February 28th.

On average, analysts expect that Interface will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.14 to $1.17. For the next year, analysts forecast that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Interface.

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

Several analysts have recently issued reports on TILE shares. Nomura increased their price target on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Interface from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. BidaskClub cut shares of Interface from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target on shares of Interface in a research report on Thursday, October 26th. Finally, ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.67.

Shares of Interface (TILE) traded up $0.30 on Monday, hitting $25.70. 504,900 shares of the stock traded hands, compared to its average volume of 366,244. The firm has a market capitalization of $1,548.45, a PE ratio of 30.24 and a beta of 1.35. Interface has a 1-year low of $17.17 and a 1-year high of $25.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.51 and a quick ratio of 1.40.

In related news, Director Daniel T. Hendrix sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $22.95, for a total value of $619,650.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. raised its holdings in Interface by 5.3% in the second quarter. Westwood Holdings Group Inc. now owns 3,120,601 shares of the textile maker’s stock valued at $61,256,000 after acquiring an additional 157,800 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in Interface by 0.7% in the third quarter. Frontier Capital Management Co. LLC now owns 2,803,740 shares of the textile maker’s stock valued at $61,402,000 after acquiring an additional 20,239 shares in the last quarter. FMR LLC raised its holdings in Interface by 14.8% in the second quarter. FMR LLC now owns 2,452,630 shares of the textile maker’s stock valued at $48,194,000 after acquiring an additional 315,606 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Interface by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,447,960 shares of the textile maker’s stock valued at $48,102,000 after acquiring an additional 7,975 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Interface by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 2,143,358 shares of the textile maker’s stock valued at $46,939,000 after acquiring an additional 31,189 shares in the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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