Stock analysts expect Interface, Inc. (NASDAQ:TILE – Get Rating) to report earnings per share (EPS) of $0.17 for the current quarter, Zacks reports. Two analysts released earnings estimates for Interface. The lowest EPS estimate is $0.16 and the highest is $0.18. Interface also posted earnings of $0.17 per share in the same quarter last year. The company is expected to release its next earnings report 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 year, with EPS estimates ranging from $1.24 to $1.26. For next year, analysts expect the company to post earnings of $1.42 per share, with EPS estimates ranging from $1.36 to $1.48. Zacks BPA calculations are an average average based on a survey of sell-side research companies that cover Interface.
Interface (NASDAQ:TILE – Get Rating) last released its results on Tuesday, March 1. The textile maker reported earnings per share of $0.47 for the quarter, beating analysts’ consensus estimate of $0.32 by $0.15. Interface had a return on equity of 21.39% and a net margin of 4.60%. The company posted revenue of $339.60 million for the quarter, versus analyst estimates of $324.67 million. In the same quarter last year, the company posted earnings per share of $0.27. The company’s revenues increased by 22.6% compared to the same quarter last year.
A number of research companies have weighed in on TILE. 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. Zacks Investment Research downgraded Interface from a “buy” rating to a “hold” rating in a research note on Saturday, March 5. Finally, StockNews.com supported Interface’s coverage in a Thursday, March 31 research note. They issued a “Strong Buy” rating on the stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Everence Capital Management Inc. increased its position in Interface shares by 54.3% during the first quarter. Everence Capital Management Inc. now owns 74,880 shares of the textile maker worth $1,016,000 after buying an additional 26,340 shares last quarter. American Trust purchased a new stake in Interface during the fourth quarter worth approximately $242,000. Barclays PLC increased its position in Interface by 42.7% during the fourth quarter. Barclays PLC now owns 87,301 shares of the textile maker valued at $1,393,000 after buying an additional 26,132 shares last quarter. BlackRock Inc. increased its position in Interface by 2.6% during the fourth quarter. BlackRock Inc. now owns 9,484,692 shares of the textile maker valued at $151,280,000 after buying an additional 244,770 shares last quarter. Finally, Wells Fargo & Company MN increased its position in Interface by 31.4% during the fourth quarter. Wells Fargo & Company MN now owns 112,616 shares of the textile maker valued at $1,796,000 after buying an additional 26,941 shares last quarter. 95.57% of the shares are currently held by institutional investors and hedge funds.
TILE stock was down $0.09 in Monday’s midday session, hitting $12.79. The company’s shares had a trading volume of 2,855 shares, compared to an average volume of 206,063. The company has a debt ratio of 1.38, a quick ratio of 1.17 and a current ratio of 2, 19. The stock has a fifty-day simple moving average of $13.44 and a two-hundred-day simple moving average of $14.63. Interface has a 1-year minimum of $11.89 and a 1-year maximum of $18.03. The company has a market capitalization of $758.23 million, a price-earnings ratio of 13.62 and a beta of 1.88.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Friday, April 1 will receive a dividend of $0.01 per share. This represents a dividend of $0.04 on an annualized basis and a dividend yield of 0.31%. The ex-date of this dividend is Thursday, March 31. Interface’s payout ratio is 4.26%.
Company Profile (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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