Interface, Inc. (TILE) Given Consensus Rating of “Hold” by Brokerages

Shares of Interface, Inc. (NASDAQ:TILE) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.67.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Interface from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Interface from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th.

Shares of Interface stock opened at $16.93 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.50 and a debt-to-equity ratio of 1.66. Interface has a 1-year low of $13.45 and a 1-year high of $26.10. The firm has a market capitalization of $1.01 billion, a PE ratio of 11.36 and a beta of 1.57.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Tuesday, February 19th. The textile maker reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $337.06 million during the quarter, compared to analysts’ expectations of $344.65 million. Interface had a net margin of 4.26% and a return on equity of 25.66%. Interface’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. As a group, analysts anticipate that Interface will post 1.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, March 7th. Interface’s payout ratio is currently 17.45%.

A number of large investors have recently added to or reduced their stakes in TILE. Hsbc Holdings PLC acquired a new position in Interface during the 4th quarter valued at $164,000. Squarepoint Ops LLC bought a new stake in Interface in the 4th quarter valued at $191,000. Cahaba Wealth Management Inc. bought a new stake in Interface in the 1st quarter valued at $193,000. First Mercantile Trust Co. increased its holdings in Interface by 88.6% in the 4th quarter. First Mercantile Trust Co. now owns 16,687 shares of the textile maker’s stock valued at $238,000 after buying an additional 7,839 shares during the period. Finally, Xact Kapitalforvaltning AB increased its holdings in Interface by 32.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 17,967 shares of the textile maker’s stock valued at $256,000 after buying an additional 4,400 shares during the period. Hedge funds and other institutional investors own 96.87% 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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.

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