Analysts forecast that Interface, Inc. (NASDAQ:TILE) will report earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Interface’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.37. Interface reported earnings of $0.32 per share in the same quarter last year, which would indicate a positive year over year growth rate of 21.9%. The firm is expected to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Interface will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.46 to $1.50. For the next fiscal year, analysts anticipate that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.75. Zacks’ EPS averages are an average based on a survey of analysts that follow Interface.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Interface had a net margin of 4.35% and a return on equity of 24.69%. The firm had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. During the same period in the previous year, the business earned $0.32 earnings per share.
Several research analysts recently commented on the stock. BidaskClub upgraded shares of Interface from a “sell” rating to a “hold” rating in a report on Friday, September 28th. ValuEngine upgraded shares of Interface from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. TheStreet cut shares of Interface from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. Macquarie set a $20.00 target price on shares of Interface and gave the stock a “hold” rating in a report on Friday, October 26th. Finally, Nomura reduced their target price on shares of Interface from $26.00 to $24.00 and set a “buy” rating for the company in a report on Monday, January 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Interface presently has an average rating of “Buy” and an average target price of $25.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in Interface during the third quarter worth about $236,000. Cim Investment Mangement Inc. bought a new position in Interface during the third quarter worth about $353,000. Cubist Systematic Strategies LLC increased its position in Interface by 53.3% during the second quarter. Cubist Systematic Strategies LLC now owns 22,952 shares of the textile maker’s stock worth $527,000 after acquiring an additional 7,979 shares during the period. Victory Capital Management Inc. increased its position in Interface by 44.2% during the third quarter. Victory Capital Management Inc. now owns 22,645 shares of the textile maker’s stock worth $529,000 after acquiring an additional 6,938 shares during the period. Finally, OppenheimerFunds Inc. increased its position in Interface by 10.3% during the second quarter. OppenheimerFunds Inc. now owns 27,692 shares of the textile maker’s stock worth $636,000 after acquiring an additional 2,575 shares during the period. 92.34% of the stock is currently owned by institutional investors.
NASDAQ:TILE traded down $0.13 during trading hours on Friday, reaching $16.07. 1,349 shares of the company’s stock were exchanged, compared to its average volume of 380,091. Interface has a 12 month low of $13.45 and a 12 month high of $26.25. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.35 and a current ratio of 2.52. The stock has a market capitalization of $964.22 million, a price-to-earnings ratio of 13.53 and a beta of 1.43.
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; and luxury vinyl tile products.
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