Interface, Inc. (NASDAQ:TILE) announced its earnings results on Tuesday. The textile maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02, Briefing.com reports. Interface had a net margin of 5.21% and a return on equity of 19.66%. The business had revenue of $257.43 million during the quarter, compared to analysts’ expectations of $255.63 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year.
Shares of Interface (TILE) traded down 0.46% on Wednesday, hitting $21.60. 508,111 shares of the stock were exchanged. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 27.80 and a beta of 1.24. The firm’s 50 day moving average price is $21.31 and its 200 day moving average price is $19.91. Interface has a one year low of $14.59 and a one year high of $22.60.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.20%. Interface’s dividend payout ratio (DPR) is 33.33%.
In related news, Director Christopher G. Kennedy sold 29,500 shares of Interface stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $21.92, for a total value of $646,640.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel T. Hendrix sold 5,000 shares of Interface stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,450 shares of company stock worth $1,513,277. 1.90% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on TILE shares. BidaskClub lowered shares of Interface from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Interface from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price target on shares of Interface in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Interface Company Profile
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.