Interface (TILE) to Release Quarterly Earnings on Friday - MarketBeat

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Interface (NASDAQ:TILE - Get Rating) will be issuing its quarterly earnings data before the market opens on Friday, November 4th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Interface has set its FY 2022 guidance at EPS and its Q3 2022 guidance at EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Interface (NASDAQ:TILE - Get Rating) last announced its quarterly earnings results on Friday, August 5th. The textile maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Interface had a net margin of 4.89% and a return on equity of 23.39%. The company had revenue of $346.60 million for the quarter, compared to analyst estimates of $357.70 million. During the same quarter last year, the business earned $0.30 earnings per share. Interface's revenue was up 17.6% compared to the same quarter last year. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Interface Price Performance

Shares of NASDAQ:TILE opened at $10.96 on Friday. The firm's 50 day moving average is $10.50 and its two-hundred day moving average is $12.35. Interface has a 52 week low of $8.90 and a 52 week high of $18.03. The firm has a market capitalization of $651.76 million, a P/E ratio of 10.34 and a beta of 1.81. The company has a current ratio of 2.51, a quick ratio of 1.24 and a debt-to-equity ratio of 1.53.

Interface Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, September 1st. This is a positive change from Interface's previous quarterly dividend of $0.01. Interface's dividend payout ratio (DPR) is currently 3.77%.

Institutional Trading of Interface

A number of large investors have recently added to or reduced their stakes in TILE. Captrust Financial Advisors boosted its holdings in Interface by 228.8% during the first quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker's stock worth $35,000 after buying an additional 1,812 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Interface during the second quarter worth approximately $50,000. Cubist Systematic Strategies LLC bought a new stake in Interface during the second quarter worth approximately $150,000. LPL Financial LLC acquired a new position in Interface in the 2nd quarter worth approximately $172,000. Finally, Zebra Capital Management LLC acquired a new position in Interface in the 1st quarter worth approximately $174,000. 90.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TILE shares. StockNews.com started coverage on shares of Interface in a research note on Wednesday, October 12th. They set a "strong-buy" rating on the stock. TheStreet lowered shares of Interface from a "b-" rating to a "c+" rating in a research note on Wednesday, September 21st.

About Interface

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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.