Interface (TILE) Stock Rating Lowered by TheStreet

TheStreet downgraded shares of Interface (NASDAQ:TILE) from a b rating to a c+ rating in a research note issued to investors on Wednesday morning.

TILE has been the topic of several other research reports. BidaskClub upgraded shares of Interface from a hold rating to a buy rating in a research note on Saturday, July 7th. ValuEngine upgraded shares of Interface from a sell rating to a hold rating in a research note on Thursday, October 18th. Longbow Research upgraded shares of Interface from a neutral rating to a buy rating and set a $30.00 price target on the stock in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Interface from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a research note on Friday, August 10th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $25.40.

Shares of TILE traded down $1.61 during mid-day trading on Wednesday, hitting $16.51. 848,331 shares of the company’s stock were exchanged, compared to its average volume of 381,741. Interface has a twelve month low of $16.45 and a twelve month high of $26.25. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 13.99 and a beta of 1.12. The company has a quick ratio of 1.46, a current ratio of 2.57 and a debt-to-equity ratio of 0.67.



Interface (NASDAQ:TILE) last announced its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Interface had a net margin of 5.67% and a return on equity of 23.63%. The company had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. During the same quarter in the prior year, the business posted $0.32 EPS. As a group, research analysts predict that Interface will post 1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.57%. Interface’s dividend payout ratio (DPR) is 22.03%.

Institutional investors and hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc grew its stake in Interface by 122.6% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock valued at $158,000 after buying an additional 3,800 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Interface in the 2nd quarter valued at $170,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Interface in the 2nd quarter valued at $289,000. GAM Holding AG acquired a new position in Interface in the 2nd quarter valued at $340,000. Finally, Xact Kapitalforvaltning AB grew its stake in Interface by 62.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 13,567 shares of the textile maker’s stock valued at $342,000 after buying an additional 5,200 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Interface Company Profile

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 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; and luxury vinyl tile products.

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