Somewhat Positive Media Coverage Somewhat Unlikely to Impact Interface (TILE) Stock Price
Media coverage about Interface (NASDAQ:TILE) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Interface earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 47.2285361605282 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Interface, Inc. (TILE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Global Human Machine Interface Market – Expected to Reach USD 6.1 Billion by 2022 – Research and Markets (markets.financialcontent.com)
- Interface, Inc. (TILE) Short Interest Update (americanbankingnews.com)
- First Week of TILE July 2018 Options Trading (stockoptionschannel.com)
- Arqiva and Dali Wireless Collaborate to Cover Glasgow City Centre with Updated Cellular Network (prweb.com)
Several research analysts have commented on the company. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of Interface in a research note on Thursday, October 26th. Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, October 28th. Finally, Nomura boosted their target price on Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Interface presently has a consensus rating of “Hold” and an average price target of $23.50.
Shares of Interface (NASDAQ:TILE) opened at $24.90 on Friday. The firm has a market capitalization of $1,533.39, a PE ratio of 22.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.51. Interface has a twelve month low of $16.80 and a twelve month high of $25.70.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analysts’ expectations of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. research analysts anticipate that Interface will post 1.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, November 9th. Interface’s dividend payout ratio (DPR) is currently 30.59%.
In other news, Director Daniel T. Hendrix sold 5,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Stansfield Nigel sold 8,450 shares of the business’s stock in a transaction dated 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 90 days, insiders have sold 92,450 shares of company stock worth $2,018,267. Company insiders own 1.90% of the company’s stock.
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Interface Company Profile
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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