Interface, Inc. (TILE) Receives Consensus Rating of “Hold” from Analysts
Interface, Inc. (NASDAQ:TILE) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.00.
TILE has been the topic of several research reports. BidaskClub cut Interface from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.00 price target on shares of Interface in a report on Friday, July 28th.
Interface (TILE) traded up 2.65% on Friday, reaching $21.30. 604,211 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $19.22 and its 200 day moving average is $19.35. Interface has a 52 week low of $14.59 and a 52 week high of $21.40. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 27.41 and a beta of 1.19.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $251.70 million for the quarter, compared to analysts’ expectations of $254.94 million. Interface had a return on equity of 19.66% and a net margin of 5.21%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. On average, equities analysts anticipate that Interface will post $1.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a $0.065 dividend. This is a positive change from Interface’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, August 9th. Interface’s payout ratio is currently 33.33%.
In related news, Director Daniel T. Hendrix sold 6,000 shares of Interface stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.95, for a total value of $119,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Stansfield Nigel sold 8,450 shares of Interface stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $19.26, for a total value of $162,747.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,450 shares of company stock worth $510,807. 1.90% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new position in shares of Interface in the first quarter worth approximately $106,000. Victory Capital Management Inc. lifted its stake in Interface by 38.3% in the first quarter. Victory Capital Management Inc. now owns 6,671 shares of the textile maker’s stock valued at $127,000 after buying an additional 1,849 shares during the period. KBC Group NV acquired a new position in Interface in the second quarter valued at approximately $133,000. Trust Co. of Vermont lifted its stake in Interface by 34.6% in the second quarter. Trust Co. of Vermont now owns 11,345 shares of the textile maker’s stock valued at $223,000 after buying an additional 2,915 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Interface in the second quarter valued at approximately $224,000. 93.21% of the stock is currently owned by institutional investors.
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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.
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