Interface (NASDAQ:TILE) Announces Quarterly Earnings Results

Interface (NASDAQ:TILE) released its quarterly earnings results on Tuesday. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05, Zacks reports. Interface had a net margin of 6.49% and a return on equity of 19.91%. Interface updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Interface Price Performance

NASDAQ TILE opened at $21.31 on Tuesday. The stock’s fifty day moving average price is $23.84 and its 200 day moving average price is $21.91. Interface has a 1 year low of $13.15 and a 1 year high of $27.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.96 and a beta of 2.10.

Analyst Ratings Changes

Several research analysts recently weighed in on TILE shares. Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Interface in a research note on Tuesday, January 28th. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total transaction of $301,250.00. Following the completion of the sale, the director now directly owns 116,147 shares in the company, valued at approximately $2,799,142.70. The trade was a 9.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David B. Foshee sold 15,175 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the transaction, the vice president now directly owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,175 shares of company stock worth $1,471,087. 2.60% of the stock is currently owned by insiders.

About Interface

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.