Brokerages expect that Interface, Inc. (NASDAQ:TILE) will report earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Interface's earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.31. Interface reported earnings per share of $0.27 during the same quarter last year, which suggests a positive year-over-year growth rate of 18.5%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, March 1st.
On average, analysts expect that Interface will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.07 to $1.08. For the next fiscal year, analysts anticipate that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.21 to $1.33. Zacks Investment Research's EPS averages are an average based on a survey of research analysts that cover Interface.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Interface from a "hold" rating to a "buy" rating and set a $19.00 target price for the company in a research report on Wednesday, November 10th. Raymond James upgraded Interface from a "market perform" rating to an "outperform" rating and set a $19.00 price target on the stock in a report on Monday, November 8th.
NASDAQ:TILE opened at $13.55 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.28 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $800.20 million, a price-to-earnings ratio of 15.06 and a beta of 1.87. Interface has a twelve month low of $11.02 and a twelve month high of $18.03. The stock's 50 day moving average price is $14.78 and its two-hundred day moving average price is $14.85.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 17th. Investors of record on Friday, December 3rd were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. Interface's dividend payout ratio is presently 4.44%.
Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Interface by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,006,139 shares of the textile maker's stock worth $15,393,000 after purchasing an additional 22,602 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Interface by 22.9% in the 3rd quarter. Schroder Investment Management Group now owns 1,182,342 shares of the textile maker's stock worth $17,912,000 after purchasing an additional 220,595 shares in the last quarter. Strs Ohio boosted its position in shares of Interface by 24.8% in the 3rd quarter. Strs Ohio now owns 34,200 shares of the textile maker's stock worth $518,000 after purchasing an additional 6,800 shares in the last quarter. Acuitas Investments LLC boosted its position in shares of Interface by 11.9% in the 2nd quarter. Acuitas Investments LLC now owns 440,300 shares of the textile maker's stock worth $6,737,000 after purchasing an additional 46,669 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Interface by 16.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 143,784 shares of the textile maker's stock worth $2,200,000 after purchasing an additional 20,026 shares in the last quarter. Hedge funds and other institutional investors own 88.69% of the company's stock.
About Interface
Interface, Inc is a flooring company, which offers carpet tile & resilient flooring, including luxury vinyl tile and rubber flooring products. The firm designs, manufactures and sells modular carpet, manufactured for the commercial and institutional markets under the interface brand, and for consumer markets as FLOR modular carpets.
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