First Quarter 2022 EPS Estimates for Interface, Inc. (NASDAQ:TILE) Lowered by Truist Financial

Interface, Inc. (NASDAQ:TILE – Get Rating) – Investment analysts Truist Financial lowered their first-quarter 2022 earnings estimates for Interface shares in a note to investors on Tuesday, March 1. Truist Financial analyst K. Hughes now expects the textile maker to post earnings per share of $0.16 for the quarter, down from its previous estimate of $0.19. Truist Financial also released estimates for Interface’s Q2 2022 earnings at $0.27 EPS, Q4 2022 earnings at $0.44 EPS, Q1 2023 earnings at $0.22 EPS and Q2 2023 at $0.32 EPS.

Several other research analysts have also recently published reports on TILE. upgraded Interface from a “strong buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a price target of $19.00 on the stock in a Wednesday, November 10 research report. Finally, Raymond James cut his price target on Interface from $19.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday.

NASDAQ:TILE shares opened at $14.73 on Thursday. The stock has a market capitalization of $869.88 million, a price-earnings ratio of 16.37 and a beta of 1.87. The company has a quick ratio of 1.19, a current ratio of 2.28 and a debt ratio of 1.51. Interface has a 12-month low of $11.88 and a 12-month high of $18.03. The company’s 50-day moving average is $14.23 and its 200-day moving average is $14.77. Interface (NASDAQ:TILE – Get Rating) last reported quarterly earnings data 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. Interface had a return on equity of 18.40% and a net margin of 4.66%. The company posted revenue of $339.60 million in the quarter, compared to $324.67 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.27. The company’s revenue for the quarter increased 22.6% compared to the same quarter last year.

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Large investors have recently increased or reduced their stakes in the stock. Berman Capital Advisors LLC increased its stake in Interface shares by 71.0% during the third quarter. Berman Capital Advisors LLC now owns 1,847 shares of the textile maker valued at $27,000 after purchasing an additional 767 shares during the period. NEXT Financial Group Inc increased its stake in Interface by 280.5% in the 3rd quarter. NEXT Financial Group Inc now owns 4,657 shares of the textile maker worth $71,000 after acquiring 3,433 additional shares in the last quarter. Advisor Group Holdings Inc. increased its holdings of Interface shares by 28.1% in Q3. Advisor Group Holdings Inc. now owns 6,328 shares of the textile maker worth $95,000 after buying 1,388 additional shares last quarter. Royal Bank of Canada increased its holdings of Interface shares by 51.2% in the third quarter. Royal Bank of Canada now owns 6,471 shares of the textile maker worth $98,000 after buying 2,190 more shares last quarter. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in Interface stock in Q3 worth about $100,000. Institutional investors hold 88.69% of the company’s shares.

About the interface (Get a rating)

Interface, Inc is a flooring company that offers carpet tiles and resilient flooring, including luxury vinyl tiles and rubber flooring products. The company designs, manufactures and sells modular carpeting, manufactured for the commercial and institutional markets under the interface brand, and for consumer markets under the FLOR modular carpeting name.

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