Interface, Inc. (NASDAQ:TILE) – Equities researchers at Seaport Global Securities boosted their Q2 2019 earnings per share (EPS) estimates for shares of Interface in a report released on Monday, February 25th. Seaport Global Securities analyst M. Mccall now anticipates that the textile maker will post earnings of $0.51 per share for the quarter, up from their previous forecast of $0.49. Seaport Global Securities also issued estimates for Interface’s Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.54 EPS and FY2019 earnings at $1.65 EPS.
Get Interface alerts:Interface (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 19th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Interface had a net margin of 4.26% and a return on equity of 25.66%. The firm had revenue of $337.06 million during the quarter, compared to the consensus estimate of $344.65 million. During the same period last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 26.6% on a year-over-year basis.
Several other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of Interface from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Nomura lowered their price objective on shares of Interface from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.00.
Shares of TILE stock opened at $18.00 on Thursday. Interface has a 12-month low of $13.45 and a 12-month high of $26.10. The stock has a market cap of $1.06 billion, a P/E ratio of 12.08 and a beta of 1.50. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 1.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 7th. Interface’s payout ratio is presently 17.45%.
A number of institutional investors and hedge funds have recently bought and sold shares of TILE. RE Advisers Corp increased its position in Interface by 789.5% in the 3rd quarter. RE Advisers Corp now owns 721,519 shares of the textile maker’s stock valued at $16,847,000 after acquiring an additional 640,400 shares in the last quarter. Ceredex Value Advisors LLC increased its position in Interface by 1,346.9% in the 4th quarter. Ceredex Value Advisors LLC now owns 644,746 shares of the textile maker’s stock valued at $9,188,000 after acquiring an additional 600,184 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Interface by 18.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,667,500 shares of the textile maker’s stock valued at $52,262,000 after acquiring an additional 583,296 shares in the last quarter. Walthausen & Co. LLC acquired a new stake in Interface in the 3rd quarter valued at about $12,741,000. Finally, FMR LLC increased its position in Interface by 15.8% in the 4th quarter. FMR LLC now owns 2,788,403 shares of the textile maker’s stock valued at $39,735,000 after acquiring an additional 379,771 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.
About Interface
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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