Wall Street analysts expect Interface, Inc. (NASDAQ:TILE) to post earnings of $0.04 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Interface’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.03. Interface posted earnings per share of $0.32 during the same quarter last year, which would indicate a negative year over year growth rate of 87.5%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, May 7th.
On average, analysts expect that Interface will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.86. For the next fiscal year, analysts expect that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.94 to $1.02. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Interface.
Interface (NASDAQ:TILE) last posted its quarterly earnings data on Monday, March 1st. The textile maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Interface had a positive return on equity of 27.11% and a negative net margin of 6.44%. The business had revenue of $276.90 million for the quarter, compared to analyst estimates of $278.83 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’s revenue was down 18.4% on a year-over-year basis.
TILE traded down $0.06 on Tuesday, reaching $12.66. The company had a trading volume of 231,736 shares, compared to its average volume of 405,736. The stock has a 50-day moving average price of $12.81 and a 200-day moving average price of $9.84. The company has a quick ratio of 1.09, a current ratio of 2.10 and a debt-to-equity ratio of 1.91. Interface has a 1 year low of $5.88 and a 1 year high of $14.35. The stock has a market capitalization of $742.41 million, a PE ratio of -9.81 and a beta of 2.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 16th. Stockholders of record on Friday, April 2nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 31st. Interface’s dividend payout ratio (DPR) is 2.52%.
A number of institutional investors have recently added to or reduced their stakes in TILE. Frontier Capital Management Co. LLC lifted its position in Interface by 33.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 4,656,205 shares of the textile maker’s stock worth $48,890,000 after buying an additional 1,171,014 shares during the period. Morgan Stanley lifted its holdings in shares of Interface by 793.8% during the 4th quarter. Morgan Stanley now owns 1,283,285 shares of the textile maker’s stock worth $13,474,000 after acquiring an additional 1,139,705 shares during the period. BlackRock Inc. boosted its position in shares of Interface by 8.8% in the fourth quarter. BlackRock Inc. now owns 9,107,924 shares of the textile maker’s stock worth $95,633,000 after acquiring an additional 735,330 shares during the last quarter. SummerHaven Investment Management LLC purchased a new stake in Interface in the fourth quarter valued at approximately $599,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Interface by 866.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 620,611 shares of the textile maker’s stock worth $3,798,000 after purchasing an additional 556,401 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.
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 band 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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