Zacks: Analysts Anticipate Interface, Inc. (TILE) Will Announce Earnings of $0.24 Per Share

Wall Street brokerages expect that Interface, Inc. (NASDAQ:TILE) will post earnings per share (EPS) of $0.24 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Interface’s earnings, with estimates ranging from $0.22 to $0.27. Interface posted earnings of $0.21 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that Interface will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.44. For the next year, analysts anticipate that the business will report earnings of $1.56 per share, with EPS estimates ranging from $1.47 to $1.65. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Interface.

Interface (NASDAQ:TILE) last announced its earnings results on Wednesday, February 21st. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Interface had a return on equity of 22.08% and a net margin of 5.34%. The business had revenue of $266.21 million for the quarter, compared to analyst estimates of $256.68 million. During the same quarter last year, the firm earned $0.28 EPS. Interface’s revenue for the quarter was up 11.1% compared to the same quarter last year.



Several research analysts have weighed in on TILE shares. BidaskClub lowered Interface from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. ValuEngine raised Interface from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $26.33.

Shares of Interface stock opened at $25.20 on Tuesday. The company has a market capitalization of $1,501.23, a P/E ratio of 21.36 and a beta of 1.20. Interface has a 52-week low of $18.30 and a 52-week high of $26.25. The company has a current ratio of 2.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, March 8th. Interface’s dividend payout ratio (DPR) is 22.03%.

Large investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new position in shares of Interface during the 3rd quarter worth approximately $118,000. Xact Kapitalforvaltning AB acquired a new position in shares of Interface during the 4th quarter worth approximately $210,000. Wolverine Trading LLC acquired a new position in shares of Interface during the 4th quarter worth approximately $218,000. Amalgamated Bank acquired a new position in shares of Interface during the 4th quarter worth approximately $219,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Interface during the 4th quarter worth approximately $240,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

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Interface Company Profile

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

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