Interface (TILE) Scheduled to Post Quarterly Earnings on Friday

Interface (NASDAQ:TILE) will be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Interface has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The business had revenue of $346.60 million for the quarter, compared to analyst estimates of $340.21 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Interface Price Performance

NASDAQ:TILE opened at $17.80 on Thursday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.97. Interface has a 12-month low of $8.26 and a 12-month high of $20.21. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average is $18.56 and its two-hundred day moving average is $16.74.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.22%. Interface’s dividend payout ratio (DPR) is currently 3.96%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TILE shares. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Interface in a research report on Friday, September 20th. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 3,555 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total value of $62,319.15. Following the completion of the sale, the director now owns 191,147 shares of the company’s stock, valued at $3,350,806.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Interface news, Director Daniel T. Hendrix sold 3,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total value of $62,319.15. Following the completion of the transaction, the director now owns 191,147 shares in the company, valued at $3,350,806.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel T. Hendrix sold 3,403 shares of Interface stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $15.99, for a total transaction of $54,413.97. Following the sale, the director now owns 200,147 shares in the company, valued at $3,200,350.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,458 shares of company stock worth $1,339,433. 2.60% of the stock is currently owned by corporate insiders.

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.