Interface (NASDAQ:TILE) issued its earnings results on Tuesday. The textile maker reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02, Bloomberg Earnings reports. Interface had a return on equity of 24.69% and a net margin of 4.35%. The company had revenue of $337.06 million for the quarter, compared to analysts’ expectations of $344.65 million. During the same period last year, the business earned $0.32 EPS. Interface’s quarterly revenue was up 26.6% compared to the same quarter last year. Interface updated its FY 2019 guidance to EPS and its Q1 guidance to $0.05-0.08 EPS.
Shares of NASDAQ:TILE opened at $17.75 on Wednesday. The company has a current ratio of 2.52, a quick ratio of 1.35 and a debt-to-equity ratio of 1.75. Interface has a 1-year low of $13.45 and a 1-year high of $26.25. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 15.04 and a beta of 1.50.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.46%. Interface’s dividend payout ratio (DPR) is presently 22.03%.
TILE has been the topic of a number of recent research reports. Nomura cut their target price on Interface from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, January 7th. TheStreet cut Interface from a “b” rating to a “c+” rating in a research note on Wednesday, October 24th. Macquarie set a $20.00 price objective on Interface and gave the company a “hold” rating in a research note on Friday, October 26th. BidaskClub upgraded Interface from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Finally, ValuEngine cut Interface from a “sell” rating to a “strong sell” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.00.
A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new stake in shares of Interface during the 4th quarter worth $164,000. Squarepoint Ops LLC bought a new stake in shares of Interface during the 4th quarter worth $191,000. Oppenheimer & Co. Inc. bought a new stake in shares of Interface during the 3rd quarter worth $236,000. First Mercantile Trust Co. raised its stake in shares of Interface by 88.6% during the 4th quarter. First Mercantile Trust Co. now owns 16,687 shares of the textile maker’s stock worth $238,000 after purchasing an additional 7,839 shares during the period. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Interface by 32.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 17,967 shares of the textile maker’s stock worth $256,000 after purchasing an additional 4,400 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.
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Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.
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