Interface (TILE) Scheduled to Post Quarterly Earnings on Friday

Interface (NASDAQ:TILE) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Interface to post earnings of $0.10 per share for the quarter. Interface has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Tuesday, February 27th. The textile maker reported $0.41 earnings per share 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 company had revenue of $325.10 million during the quarter, compared to the consensus estimate of $320.16 million. During the same period last year, the business earned $0.31 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Interface Stock Down 3.5 %

TILE opened at $15.31 on Friday. The business has a 50-day moving average of $15.54 and a 200-day moving average of $12.64. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.72 and a quick ratio of 1.42. Interface has a fifty-two week low of $6.51 and a fifty-two week high of $18.47. The company has a market capitalization of $891.04 million, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.98.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Wednesday, March 27th. Interface’s payout ratio is 5.26%.

Analysts Set New Price Targets

TILE has been the topic of several recent analyst reports. TheStreet raised Interface from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. Barrington Research assumed coverage on Interface in a report on Monday, April 15th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Truist Financial boosted 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.

About Interface

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.