Interface (NASDAQ:TILE – Get Rating) is expected to release its quarterly earnings data before market open Friday, August 5. Analysts expect the company to report earnings of $0.33 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Interface (NASDAQ:TILE – Get Rating) last reported its quarterly results on Friday, May 6. The textile maker reported EPS of $0.28 for the quarter, beating the consensus estimate of $0.17 by $0.11. The company posted revenue of $288.00 million for the quarter, versus analyst estimates of $282.97 million. Interface had a return on equity of 22.58% and a net margin of 4.99%. Interface’s quarterly revenue increased 13.7% year over year. In the same quarter of the previous year, the company achieved EPS of $0.17. On average, analysts expect Interface to post EPS of $1 for the current fiscal year and EPS of $2 for the next fiscal year.
Interface price performance
Interface stock opened at $14.37 on Friday. The company has a debt ratio of 1.38, a quick ratio of 1.08 and a current ratio of 2.37. The company has a market capitalization of $854.54 million, a P/E ratio of 13.82 and a beta of 1.76. The company’s fifty-day moving average is $13.45 and its two-hundred-day moving average is $13.42. Interface has a 52-week low of $11.87 and a 52-week high of $18.03.
Interface Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17. Shareholders of record on Friday, June 3 received a dividend of $0.01. This represents a dividend of $0.04 on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, June 2. Interface’s dividend payout ratio is currently 3.85%.
Hedge funds weigh on the interface
Several large investors have recently changed their positions in the company. Vanguard Group Inc. increased its stake in Interface shares by 0.4% during the first quarter. Vanguard Group Inc. now owns 6,379,991 shares of the textile maker valued at $86,577,000 after acquiring an additional 24,264 shares during the period. Dimensional Fund Advisors LP increased its stake 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 valued at $33,513,000 after acquiring an additional 14,962 shares during the period. State Street Corp increased its stake in Interface shares by 2.5% in the first quarter. State Street Corp now owns 2,028,972 shares of the textile maker valued at $27,553,000 after acquiring an additional 48,654 shares during the period. Wellington Management Group LLP increased its stake in Interface shares by 4.0% during the first quarter. Wellington Management Group LLP now owns 1,476,394 shares of the textile maker valued at $20,035,000 after acquiring an additional 57,309 shares during the period. Finally, Invesco Ltd. increased its stake in Interface shares by 18.4% during the first quarter. Invesco Ltd. now owns 1,378,806 shares of the textile maker valued at $18,711,000 after acquiring an additional 214,547 shares during the period. Institutional investors and hedge funds own 96.30% of the company’s shares.
A Wall Street analyst gives his opinion
Separately, StockNews.com picked up Interface’s coverage in a Thursday, March 31 research note. They issued a “Strong Buy” rating on the stock.
(Get an assessment)
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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