Interface (NASDAQ:TILE) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Interface (NASDAQ:TILE) released its quarterly earnings data on Friday. The textile maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15, Zacks reports. The firm had revenue of $364.53 million for the quarter, compared to the consensus estimate of $358.19 million. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Interface updated its FY 2025 guidance to EPS.

Interface Stock Performance

TILE opened at $24.90 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $27.72 and its 200-day moving average price is $23.55. Interface has a 52-week low of $17.24 and a 52-week high of $30.20.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, August 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. Interface’s dividend payout ratio is 4.17%.

Analysts Set New Price Targets

A number of analysts have weighed in on TILE shares. Zacks Research lowered Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Barrington Research restated an “outperform” rating and set a $32.00 price objective on shares of Interface in a research note on Friday. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Finally, Wall Street Zen lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Insiders Place Their Bets

In other news, VP James Poppens sold 5,000 shares of Interface stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the completion of the sale, the vice president directly owned 124,616 shares in the company, valued at approximately $3,257,462.24. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total transaction of $673,750.00. Following the sale, the chief financial officer directly owned 145,403 shares in the company, valued at $3,918,610.85. This trade represents a 14.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 109,497 shares of company stock valued at $2,839,573. Insiders own 2.30% of the company’s stock.

Institutional Trading of Interface

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Interface during the 2nd quarter valued at about $35,000. Tower Research Capital LLC TRC boosted its position in Interface by 399.0% in the second quarter. Tower Research Capital LLC TRC now owns 5,763 shares of the textile maker’s stock valued at $121,000 after buying an additional 4,608 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Interface in the second quarter valued at approximately $210,000. Quantinno Capital Management LP increased its holdings in Interface by 10.4% in the 2nd quarter. Quantinno Capital Management LP now owns 12,731 shares of the textile maker’s stock worth $266,000 after buying an additional 1,198 shares during the period. Finally, Tidal Investments LLC purchased a new position in Interface during the 2nd quarter worth approximately $303,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.