Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Interface from a hold rating to a sell rating in a report on Tuesday, July 30th. SunTrust Banks set a $17.00 target price on shares of Interface and gave the company a buy rating in a report on Friday, July 26th. Finally, ValuEngine cut shares of Interface from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $20.33.
Shares of NASDAQ TILE opened at $13.14 on Friday. The stock’s 50-day moving average is $11.97 and its 200 day moving average is $14.92. The stock has a market cap of $685.65 million, a price-to-earnings ratio of 8.82 and a beta of 1.51. Interface has a 1-year low of $10.37 and a 1-year high of $23.80. The company has a current ratio of 2.49, a quick ratio of 1.33 and a debt-to-equity ratio of 2.10.
Interface (NASDAQ:TILE) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Interface had a return on equity of 24.81% and a net margin of 3.90%. The business had revenue of $357.50 million during the quarter, compared to analyst estimates of $358.37 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Interface’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, analysts forecast that Interface will post 1.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, August 8th. Interface’s dividend payout ratio (DPR) is presently 17.45%.
A number of hedge funds have recently modified their holdings of TILE. Ladenburg Thalmann Financial Services Inc. increased its stake in Interface by 100.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,992 shares of the textile maker’s stock worth $46,000 after purchasing an additional 1,502 shares during the period. Quantamental Technologies LLC grew its holdings in shares of Interface by 678.7% in the second quarter. Quantamental Technologies LLC now owns 4,384 shares of the textile maker’s stock worth $67,000 after purchasing an additional 3,821 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Interface in the second quarter worth approximately $77,000. Hanson & Doremus Investment Management increased its stake in shares of Interface by 87.9% in the second quarter. Hanson & Doremus Investment Management now owns 5,818 shares of the textile maker’s stock worth $89,000 after buying an additional 2,722 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Interface by 301.5% in the second quarter. Bank of Montreal Can now owns 6,617 shares of the textile maker’s stock worth $101,000 after buying an additional 4,969 shares during the period. Institutional investors own 90.03% of the company’s stock.
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 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 brands; and luxury vinyl tile products.
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