Interface’s (TILE) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Interface (NASDAQ:TILE) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $30.00 price objective on the textile maker’s stock. Barrington Research also issued estimates for Interface’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.54 EPS and FY2026 earnings at $1.75 EPS.

Separately, StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Monday.

Interface Trading Down 1.1 %

Shares of Interface stock opened at $19.61 on Tuesday. Interface has a 1-year low of $14.13 and a 1-year high of $27.34. The company’s fifty day simple moving average is $23.51 and its 200-day simple moving average is $21.90. 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 stock has a market capitalization of $1.14 billion, a PE ratio of 13.71, a P/E/G ratio of 0.96 and a beta of 2.10.

Interface (NASDAQ:TILE) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, equities analysts anticipate that Interface will post 1.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the transaction, the director now owns 103,647 shares in the company, valued at approximately $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David B. Foshee sold 15,175 shares of Interface stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total transaction of $398,647.25. Following the completion of the sale, the vice president now owns 202,398 shares in the company, valued at approximately $5,316,995.46. This represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,175 shares of company stock worth $1,471,087 in the last three months. 2.60% of the stock is owned by company insiders.

Institutional Trading of Interface

Large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Huntington National Bank purchased a new position in Interface during the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its stake in shares of Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 546 shares during the period. Principal Securities Inc. lifted its holdings in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after acquiring an additional 741 shares during the last quarter. Finally, Virtus Fund Advisers LLC purchased a new position in shares of Interface during the 4th quarter worth about $48,000. Institutional investors own 98.34% 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.