Q1 2024 Earnings Forecast for Interface, Inc. Issued By Barrington Research (NASDAQ:TILE)

Interface, Inc. (NASDAQ:TILE) – Stock analysts at Barrington Research issued their Q1 2024 earnings per share estimates for shares of Interface in a research note issued to investors on Monday, April 15th. Barrington Research analyst A. Paris forecasts that the textile maker will post earnings per share of $0.14 for the quarter. Barrington Research has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Interface’s current full-year earnings is $1.02 per share. Barrington Research also issued estimates for Interface’s Q2 2024 earnings at $0.32 EPS, Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.08 EPS and FY2025 earnings at $1.30 EPS.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Tuesday, February 27th. The textile maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. Interface had a return on equity of 14.95% and a net margin of 3.53%. The firm had revenue of $325.10 million for the quarter, compared to analyst estimates of $320.16 million. During the same quarter last year, the company earned $0.31 EPS. The company’s revenue was down 3.1% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Truist Financial lifted their price target on Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. TheStreet upgraded Interface from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th.

Interface Price Performance

Interface stock opened at $14.88 on Wednesday. The stock’s fifty day moving average price is $15.28 and its two-hundred day moving average price is $12.42. Interface has a one year low of $6.51 and a one year high of $18.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.72 and a quick ratio of 1.42. The firm has a market cap of $866.02 million, a PE ratio of 19.58 and a beta of 1.98.

Institutional Investors Weigh In On Interface

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Interface by 1.2% during the 2nd quarter. BlackRock Inc. now owns 9,897,731 shares of the textile maker’s stock valued at $87,001,000 after acquiring an additional 119,605 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Interface by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,600,201 shares of the textile maker’s stock valued at $59,335,000 after acquiring an additional 30,836 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Interface by 65.2% during the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock valued at $35,457,000 after acquiring an additional 1,426,749 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Interface by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock valued at $31,663,000 after acquiring an additional 12,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Interface by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,486,319 shares of the textile maker’s stock worth $20,188,000 after buying an additional 28,245 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. Interface’s payout ratio is 5.26%.

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.