Interface (NASDAQ:TILE) Issues Earnings Results

Interface (NASDAQ:TILE) posted its quarterly earnings data on Friday. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12, RTT News reports. The company had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $340.21 million. Interface had a net margin of 4.73% and a return on equity of 16.94%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS.

Interface Stock Performance

Shares of NASDAQ:TILE traded up $0.80 during trading hours on Friday, hitting $17.34. The stock had a trading volume of 627,913 shares, compared to its average volume of 407,878. The stock’s fifty day simple moving average is $15.50 and its 200 day simple moving average is $15.07. Interface has a 1-year low of $8.26 and a 1-year high of $18.47. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.98 and a beta of 2.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.04 annualized dividend and a yield of 0.23%. Interface’s dividend payout ratio (DPR) is 3.96%.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $15.05, for a total value of $188,125.00. Following the completion of the transaction, the director now directly owns 258,647 shares in the company, valued at $3,892,637.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Stansfield Nigel sold 19,990 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total transaction of $324,637.60. Following the completion of the sale, the vice president now directly owns 181,855 shares in the company, valued at $2,953,325.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $15.05, for a total transaction of $188,125.00. Following the sale, the director now owns 258,647 shares of the company’s stock, valued at $3,892,637.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,890 shares of company stock worth $1,264,933. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TILE shares. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of Interface in a research note on Monday, June 17th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday.

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.