Interface, Inc. (NASDAQ:TILE) has been assigned an average rating of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.80.
Several research analysts have commented on the company. BidaskClub downgraded Interface from a "sell" rating to a "strong sell" rating in a report on Friday, August 21st. Zacks Investment Research lowered shares of Interface from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Finally, ValuEngine lowered shares of Interface from a "sell" rating to a "strong sell" rating in a report on Monday, August 3rd.
Shares of Interface stock opened at $6.30 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.29 and a debt-to-equity ratio of 2.28. The stock's fifty day moving average is $6.62 and its two-hundred day moving average is $7.75. Interface has a 52 week low of $5.06 and a 52 week high of $17.67. The company has a market capitalization of $368.85 million, a PE ratio of -6.70 and a beta of 1.80.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 7th. The textile maker reported $0.27 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.20. The company had revenue of $259.20 million for the quarter, compared to the consensus estimate of $251.70 million. Interface had a negative net margin of 4.44% and a positive return on equity of 29.22%. The firm's revenue was down 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. As a group, research analysts anticipate that Interface will post 1.14 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. purchased a new position in Interface during the 1st quarter worth $59,000. Bank of Montreal Can boosted its holdings in Interface by 417.8% in the second quarter. Bank of Montreal Can now owns 8,336 shares of the textile maker's stock worth $58,000 after acquiring an additional 6,726 shares in the last quarter. Cahaba Wealth Management Inc. purchased a new stake in shares of Interface during the third quarter worth about $79,000. Strs Ohio purchased a new stake in shares of Interface during the second quarter worth about $135,000. Finally, Verition Fund Management LLC acquired a new position in shares of Interface during the second quarter valued at about $159,000. Hedge funds and other institutional investors own 87.73% of the company's stock.
Interface Company Profile
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 band 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.
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November 03, 2020 at 05:29PM
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Interface, Inc. (NASDAQ:TILE) Given Consensus Rating of "Hold" by Analysts - MarketBeat
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