Interface (TILE) to Release Earnings on Friday

Interface (NASDAQ:TILE) is set to post its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect Interface to post earnings of $0.33 per share for the quarter. Interface has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Interface (NASDAQ:TILE) last released its earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The business had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $340.21 million. Interface had a net margin of 5.20% and a return on equity of 18.42%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Interface Trading Down 1.5 %

Shares of Interface stock opened at $17.82 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. Interface has a twelve month low of $8.26 and a twelve month high of $20.21. The firm has a market capitalization of $1.04 billion, a PE ratio of 17.64, a P/E/G ratio of 0.97 and a beta of 1.97. The firm’s 50-day moving average price is $18.55 and its 200 day moving average price is $16.74.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, August 30th. This represents a $0.04 annualized dividend and a yield of 0.22%. Interface’s dividend payout ratio (DPR) is presently 3.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and set a $22.00 price target on shares of Interface in a research report on Friday, September 20th. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Insider Transactions at Interface

In other news, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at $3,374,075. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Bruce Andrew Hausmann sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total transaction of $935,000.00. Following the completion of the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at approximately $3,374,075. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stansfield Nigel sold 17,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $16.44, for a total value of $287,700.00. Following the transaction, the vice president now owns 164,355 shares of the company’s stock, valued at approximately $2,701,996.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,458 shares of company stock worth $1,339,433 in the last 90 days. Insiders own 2.60% 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.