Interface (TILE) to Release Earnings on Tuesday

Interface (NASDAQ:TILE) is expected to post its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Interface to post earnings of $0.29 per share and revenue of $340.51 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Interface Stock Down 3.5 %

Interface stock opened at $21.48 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The business’s 50-day simple moving average is $23.94 and its two-hundred day simple moving average is $21.84. The company has a market cap of $1.25 billion, a PE ratio of 15.02, a PEG ratio of 0.96 and a beta of 2.10. Interface has a fifty-two week low of $13.00 and a fifty-two week high of $27.34.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 18,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the transaction, the director now directly owns 153,147 shares in the company, valued at $4,032,360.51. This trade represents a 10.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David B. Foshee sold 15,175 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total value of $398,647.25. Following the transaction, the vice president now directly owns 202,398 shares of the company’s stock, valued at $5,316,995.46. The trade was a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,175 shares of company stock valued at $1,471,087. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Interface in a research note on Tuesday, January 28th. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.