$0.17 EPS expected for Interface, Inc. (NASDAQ:TILE) this quarter


Stock analysts expect Interface, Inc. (NASDAQ:TILE – Get Rating) to report earnings of $0.17 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts released earnings estimates for Interface. The highest EPS estimate is $0.18 and the lowest is $0.16. Interface also posted earnings per share of $0.17 in the same quarter last year. The company is expected to announce its next quarterly results before the market opens on Monday, January 1.

According to Zacks, analysts expect Interface to report annual earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.26. For the next fiscal year, analysts expect the company to post earnings of $1.42 per share, with EPS estimates ranging from $1.36 to $1.48. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts who cover Interface.

Interface (NASDAQ:TILE – Get Rating) last released its results on Tuesday, March 1. The textile maker reported EPS of $0.47 for the quarter, beating the Zacks consensus estimate of $0.32 by $0.15. The company posted revenue of $339.60 million in the quarter, versus a consensus estimate of $324.67 million. Interface had a return on equity of 21.39% and a net margin of 4.60%. The company’s revenue increased by 22.6% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.27.

TILE has been the subject of several recent analyst reports. Raymond James cut his price target on Interface from $19.00 to $17.00 and set an “outperform” rating on the stock in a Wednesday, March 2 research note. StockNews.com picked up Interface’s coverage in a Thursday, March 31 report. They issued a “Strong Buy” rating on the stock. Finally, Zacks Investment Research upgraded Interface from a “buy” to a “hold” rating in a Saturday, March 5 research report.

A number of institutional investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its holdings of Interface shares by 2.6% during the fourth quarter. BlackRock Inc. now owns 9,484,692 shares of the textile maker worth $151,280,000 after buying an additional 244,770 shares in the last quarter. Capital World Investors increased its position in Interface shares by 2.3% in the third quarter. Capital World Investors now owns 4,721,060 shares of the textile maker worth $71,524,000 after buying an additional 104,720 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Interface shares by 49.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,854,133 shares of the textile maker worth $61,474,000 after purchasing an additional 1,270,697 shares during the period. Frontier Capital Management Co. LLC increased its stake in Interface by 1.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,721,656 shares of the textile maker valued at $59,360,000 after buying an additional 40,099 shares in the last quarter. Finally, State Street Corp increased its stake in Interface by 1.0% in the fourth quarter. State Street Corp now owns 1,980,318 shares of the textile maker valued at $31,586,000 after buying an additional 20,477 shares in the last quarter. 96.30% of the shares are held by institutional investors.

Shares of TILE were down $0.14 during Monday trading hours, hitting $12.55. 5,172 shares were traded, against an average volume of 195,630. The company has a leverage ratio of 1.38, a quick ratio of 1.17 and a current ratio of 2.19. Interface has a 12 month minimum of $12.22 and a 12 month maximum of $18.03. The company has a market capitalization of $744.00 million, a price/earnings ratio of 13.35 and a beta of 1.88. The stock’s 50-day moving average price is $13.23 and its two-hundred-day moving average price is $14.36.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Investors of record on Friday, April 1 received a dividend of $0.01. This represents an annualized dividend of $0.04 and a yield of 0.32%. The ex-dividend date was Thursday, March 31. Interface’s current payout ratio is 4.26%.

About the interface (Get an evaluation)

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

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