Equities analysts expect that Interface, Inc. (NASDAQ:TILE – Get Rating) will announce $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Interface’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.16. Interface also posted earnings per share of $0.17 in the same quarter last year. The company is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Interface will report full year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.26. For the next fiscal year, analysts forecast that the firm will report earnings of $1.42 per share, with EPS estimates ranging from $1.36 to $1.48. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover Interface.
Interface (NASDAQ:TILE – Get Rating) last released its earnings results on Tuesday, March 1st. The textile maker reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.15. The firm had revenue of $339.60 million during the quarter, compared to the consensus estimate of $324.67 million. Interface had a return on equity of 21.39% and a net margin of 4.60%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Interface by 2.6% during the fourth quarter. BlackRock Inc. now owns 9,484,692 shares of the textile maker’s stock worth $151,280,000 after purchasing an additional 244,770 shares during the last quarter. Capital World Investors boosted its position in shares of Interface by 2.3% in the third quarter. Capital World Investors now owns 4,721,060 shares of the textile maker’s stock worth $71,524,000 after buying an additional 104,720 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Interface by 49.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,854,133 shares of the textile maker’s stock worth $61,474,000 after buying an additional 1,270,697 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Interface by 1.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,721,656 shares of the textile maker’s stock valued at $59,360,000 after purchasing an additional 40,099 shares during the last quarter. Finally, State Street Corp boosted its holdings in Interface by 1.0% in the fourth quarter. State Street Corp now owns 1,980,318 shares of the textile maker’s stock valued at $31,586,000 after purchasing an additional 20,477 shares during the last quarter. 96.30% of the stock is owned by institutional investors.
Shares of TILE traded down $0.14 during trading hours on Monday, hitting $12.55. 5,172 shares of the stock were exchanged, compared to its average volume of 195,630. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.17 and a current ratio of 2.19. Interface has a 12-month low of $12.22 and a 12-month high of $18.03. The company has a market cap of $744.00 million, a price-to-earnings ratio of 13.35 and a beta of 1.88. The stock’s 50-day moving average price is $13.23 and its two-hundred day moving average price is $14.36.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 1st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.32%. The ex-dividend date was Thursday, March 31st. Interface’s payout ratio is currently 4.26%.
About Interface (Get Rating)
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.
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