Interface (NASDAQ:TILE – Get Rating) is scheduled to announce its earnings results before the market opens on Friday, May 6th. Analysts expect Interface to post earnings of $0.17 per share for the quarter. Interface has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Interface (NASDAQ:TILE – Get Rating) last released its quarterly earnings data on Tuesday, March 1st. The textile maker reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.15. Interface had a net margin of 4.60% and a return on equity of 21.39%. The company had revenue of $339.60 million during the quarter, compared to analyst estimates of $324.67 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ:TILE opened at $12.85 on Friday. Interface has a 1-year low of $12.22 and a 1-year high of $18.03. The company has a 50-day moving average of $13.25 and a 200 day moving average of $14.39. The firm has a market cap of $761.79 million, a PE ratio of 13.67 and a beta of 1.88. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.19 and a quick ratio of 1.17.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Thursday, March 31st. Interface’s dividend payout ratio (DPR) is presently 4.26%.A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Interface from a “buy” rating to a “hold” rating in a research note on Saturday, March 5th. Raymond James decreased their price target on shares of Interface from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Finally, StockNews.com initiated coverage on shares of Interface in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company.
Institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in shares of Interface by 3.1% in the 4th quarter. Alliancebernstein L.P. now owns 30,729 shares of the textile maker’s stock valued at $490,000 after acquiring an additional 931 shares during the last quarter. Deutsche Bank AG lifted its stake in Interface by 0.5% in the 4th quarter. Deutsche Bank AG now owns 256,714 shares of the textile maker’s stock worth $4,094,000 after purchasing an additional 1,314 shares in the last quarter. California State Teachers Retirement System increased its holdings in Interface by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 81,251 shares of the textile maker’s stock valued at $1,296,000 after purchasing an additional 1,802 shares during the last quarter. Royal Bank of Canada increased its holdings in Interface by 51.2% during the 3rd quarter. Royal Bank of Canada now owns 6,471 shares of the textile maker’s stock worth $98,000 after purchasing an additional 2,190 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Interface by 3.4% during the 4th quarter. Legal & General Group Plc now owns 143,750 shares of the textile maker’s stock worth $2,293,000 after acquiring an additional 4,773 shares in the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.
About Interface (Get Rating)
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 brand 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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Interface (TILE) to Release Quarterly Earnings on Friday - Defense World
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