Interface (NASDAQ:TILE – Get Free Report) announced its quarterly earnings results on Friday. The textile maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.12, RTT News reports. The company had revenue of $346.60 million during the quarter, compared to the consensus estimate of $340.21 million. Interface had a net margin of 4.73% and a return on equity of 16.94%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share.
Interface Stock Performance
TILE traded up $0.80 during trading on Friday, hitting $17.34. The company’s stock had a trading volume of 627,913 shares, compared to its average volume of 407,878. The company has a quick ratio of 1.30, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1.01 billion, a PE ratio of 16.38, a P/E/G ratio of 0.98 and a beta of 2.00. Interface has a one year low of $8.26 and a one year high of $18.47. The business’s 50 day simple moving average is $15.50 and its 200-day simple moving average is $15.07.
Interface Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.01 per share. The ex-dividend date was Friday, May 31st. This represents a $0.04 annualized dividend and a yield of 0.23%. Interface’s dividend payout ratio (DPR) is 3.96%.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
TILE has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Interface in a research report on Monday, June 17th. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Monday.
Check Out Our Latest Stock Report on TILE
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.
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