Interface (NASDAQ:TILE) Cut to “C+” at TheStreet

TheStreet cut shares of Interface (NASDAQ:TILEGet Rating) from a b- rating to a c+ rating in a research report report published on Wednesday, TheStreetRatingsTable reports.

Interface Price Performance

TILE opened at $9.41 on Wednesday. The business’s 50-day moving average is $12.39 and its two-hundred day moving average is $12.94. Interface has a 1 year low of $9.27 and a 1 year high of $18.03. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.51 and a quick ratio of 1.24. The firm has a market capitalization of $559.61 million, a PE ratio of 8.88 and a beta of 1.81.

Interface (NASDAQ:TILEGet Rating) last posted its earnings results on Friday, August 5th. The textile maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Interface had a return on equity of 23.39% and a net margin of 4.89%. The company had revenue of $346.60 million for the quarter, compared to analyst estimates of $357.70 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that Interface will post 1.21 earnings per share for the current fiscal year.

Interface Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.10 per share. This is a positive change from Interface’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.25%. Interface’s payout ratio is presently 3.77%.

Institutional Investors Weigh In On Interface

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Interface by 0.4% during the first quarter. Vanguard Group Inc. now owns 6,379,991 shares of the textile maker’s stock worth $86,577,000 after acquiring an additional 24,264 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Interface by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,469,657 shares of the textile maker’s stock worth $33,513,000 after purchasing an additional 14,962 shares during the period. State Street Corp lifted its holdings in shares of Interface by 0.8% during the second quarter. State Street Corp now owns 2,045,114 shares of the textile maker’s stock worth $25,646,000 after purchasing an additional 16,142 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Interface by 4.0% during the first quarter. Wellington Management Group LLP now owns 1,476,394 shares of the textile maker’s stock worth $20,035,000 after purchasing an additional 57,309 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Interface by 18.4% during the first quarter. Invesco Ltd. now owns 1,378,806 shares of the textile maker’s stock worth $18,711,000 after purchasing an additional 214,547 shares during the period. Hedge funds and other institutional investors own 90.02% of the company’s stock.

About Interface

(Get Rating)

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.

See Also

Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.