Equities research analysts predict that Interface, Inc. (NASDAQ:TILE) will report sales of $360.26 million for the current quarter, Zacks reports. Four analysts have provided estimates for Interface’s earnings, with the highest sales estimate coming in at $364.30 million and the lowest estimate coming in at $355.80 million. Interface reported sales of $283.63 million during the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The firm is expected to announce its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Interface will report full year sales of $1.36 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.37 billion. For the next year, analysts expect that the company will report sales of $1.41 billion, with estimates ranging from $1.40 billion to $1.42 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Interface.
Interface (NASDAQ:TILE) last issued its earnings results on Wednesday, April 24th. The textile maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $298.00 million during the quarter, compared to the consensus estimate of $300.16 million. Interface had a return on equity of 23.53% and a net margin of 3.41%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS.
Shares of NASDAQ TILE traded down $0.20 during trading hours on Friday, reaching $14.93. 133,954 shares of the stock traded hands, compared to its average volume of 372,514. The stock has a market cap of $907.60 million, a price-to-earnings ratio of 10.02 and a beta of 1.54. The company has a current ratio of 2.43, a quick ratio of 1.20 and a debt-to-equity ratio of 2.03. Interface has a 52-week low of $13.45 and a 52-week high of $24.55.
The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.74%. Interface’s dividend payout ratio is presently 17.45%.
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Interface by 8.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,045 shares of the textile maker’s stock worth $898,000 after purchasing an additional 4,900 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Interface by 6.2% in the fourth quarter. Arizona State Retirement System now owns 91,660 shares of the textile maker’s stock worth $1,306,000 after buying an additional 5,356 shares during the period. Xact Kapitalforvaltning AB increased its holdings in Interface by 32.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 17,967 shares of the textile maker’s stock worth $256,000 after purchasing an additional 4,400 shares during the period. Rhumbline Advisers increased its holdings in Interface by 18.1% during the 4th quarter. Rhumbline Advisers now owns 188,587 shares of the textile maker’s stock worth $2,687,000 after purchasing an additional 28,941 shares during the period. Finally, First Mercantile Trust Co. increased its holdings in Interface by 88.6% during the 4th quarter. First Mercantile Trust Co. now owns 16,687 shares of the textile maker’s stock worth $238,000 after purchasing an additional 7,839 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.
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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.
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