Interface (TILE) to Release Earnings on Friday

Interface (NASDAQ:TILE) is scheduled to issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Interface has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Tuesday, February 27th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.19. The business had revenue of $325.10 million for the quarter, compared to analysts’ expectations of $320.16 million. Interface had a return on equity of 14.95% and a net margin of 3.53%. Interface’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Interface Stock Performance

TILE opened at $15.29 on Wednesday. The stock has a market cap of $889.88 million, a PE ratio of 20.12, a P/E/G ratio of 0.99 and a beta of 1.98. The company has a current ratio of 2.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. Interface has a 1 year low of $6.51 and a 1 year high of $18.47. The stock’s 50 day simple moving average is $15.67 and its 200-day simple moving average is $12.82.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Wednesday, March 27th. Interface’s dividend payout ratio is presently 5.26%.

Analysts Set New Price Targets

TILE has been the topic of a number of research reports. TheStreet upgraded Interface from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. Barrington Research assumed coverage on Interface in a research note on Monday, April 15th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Truist Financial boosted their price target on Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th.

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.