Interface, Inc. (TILE) to Issue Quarterly Dividend of $0.02 on December 12th

Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Tuesday, November 11th. Investors of record on Friday, November 28th will be given a dividend of 0.02 per share by the textile maker on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, November 28th.

Interface has decreased its dividend payment by an average of 0.3%annually over the last three years. Interface has a payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Interface to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 5.2%.

Interface Trading Up 3.3%

Shares of TILE opened at $27.85 on Wednesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of 17.19, a PEG ratio of 1.04 and a beta of 2.07. Interface has a twelve month low of $17.24 and a twelve month high of $30.20. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $27.23 and a two-hundred day simple moving average of $24.44.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, October 31st. The textile maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.46 by $0.15. The firm had revenue of $364.53 million during the quarter, compared to the consensus estimate of $358.19 million. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. Interface has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Interface will post 1.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TILE shares. Wall Street Zen cut Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Barrington Research restated an “outperform” rating and set a $32.00 target price on shares of Interface in a report on Friday, October 31st. Zacks Research raised Interface from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $32.00.

About Interface

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.