Q1 2024 Earnings Forecast for Interface, Inc. Issued By Barrington Research (NASDAQ:TILE)

Interface, Inc. (NASDAQ:TILEFree Report) – Stock analysts at Barrington Research issued their Q1 2024 earnings estimates for Interface in a research report issued on Monday, April 15th. Barrington Research analyst A. Paris forecasts that the textile maker will post earnings of $0.14 per share for the quarter. Barrington Research has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Interface’s current full-year earnings is $1.02 per share. Barrington Research also issued estimates for Interface’s Q2 2024 earnings at $0.32 EPS, Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.08 EPS and FY2025 earnings at $1.30 EPS.

Interface (NASDAQ:TILEGet Free Report) last posted its earnings results 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 firm had revenue of $325.10 million during the quarter, compared to analysts’ expectations of $320.16 million. Interface had a net margin of 3.53% and a return on equity of 14.95%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share.

TILE has been the subject of a number of other reports. TheStreet upgraded shares of Interface from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. Truist Financial lifted their target price on shares of Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th.

Read Our Latest Report on TILE

Interface Price Performance

NASDAQ TILE opened at $14.88 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $866.02 million, a PE ratio of 19.58 and a beta of 1.98. The company has a 50 day moving average price of $15.28 and a two-hundred day moving average price of $12.42. Interface has a 12-month low of $6.51 and a 12-month high of $18.47.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Interface’s payout ratio is 5.26%.

Institutional Trading of Interface

A number of institutional investors and hedge funds have recently modified their holdings of the company. Range Financial Group LLC acquired a new stake in shares of Interface in the first quarter worth $687,000. First Hawaiian Bank raised its stake in Interface by 3.8% during the 1st quarter. First Hawaiian Bank now owns 36,890 shares of the textile maker’s stock valued at $620,000 after purchasing an additional 1,353 shares during the last quarter. GAMMA Investing LLC raised its stake in Interface by 131.1% during the 1st quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock valued at $66,000 after purchasing an additional 2,237 shares during the last quarter. Vanguard Group Inc. raised its stake in Interface by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 5,255,552 shares of the textile maker’s stock valued at $66,325,000 after purchasing an additional 44,699 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Interface by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock valued at $31,663,000 after purchasing an additional 12,847 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

About Interface

(Get Free Report)

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.

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