Interface (NASDAQ:TILE) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

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

Interface Price Performance

Shares of TILE stock opened at $21.31 on Tuesday. The company has a market capitalization of $1.24 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.96 and a beta of 2.10. The company’s 50-day simple moving average is $23.84 and its two-hundred day simple moving average is $21.91. Interface has a one year low of $13.15 and a one 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.

Insider Activity

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

Analyst Upgrades and Downgrades

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