Wall Street analysts expect that Interface, Inc. (NASDAQ:TILE) will report sales of $293.05 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Interface’s earnings, with estimates ranging from $291.00 million to $295.10 million. Interface posted sales of $259.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The business is scheduled to announce its next quarterly earnings results on Friday, August 6th.
According to Zacks, analysts expect that Interface will report full-year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next fiscal year, analysts expect that the company will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.24 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Interface.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, May 7th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.13. Interface had a net margin of 3.48% and a return on equity of 19.68%. The firm had revenue of $253.30 million for the quarter, compared to analyst estimates of $252.70 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was down 12.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of TILE. Inspire Advisors LLC bought a new position in shares of Interface in the fourth quarter valued at about $31,000. Allianz Asset Management GmbH acquired a new position in shares of Interface in the first quarter valued at about $139,000. ProShare Advisors LLC acquired a new position in shares of Interface in the fourth quarter valued at about $147,000. Citigroup Inc. grew its stake in shares of Interface by 280.9% in the fourth quarter. Citigroup Inc. now owns 14,765 shares of the textile maker’s stock valued at $155,000 after acquiring an additional 10,889 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Interface in the first quarter valued at about $156,000. 88.79% of the stock is currently owned by institutional investors.
NASDAQ TILE traded up $0.46 on Friday, hitting $15.47. 275,707 shares of the stock were exchanged, compared to its average volume of 388,718. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.38 and a quick ratio of 1.26. The business has a fifty day simple moving average of $14.63. Interface has a 52 week low of $5.88 and a 52 week high of $17.11. The stock has a market capitalization of $912.93 million, a P/E ratio of 24.41 and a beta of 2.10.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 18th. Stockholders of record on Friday, June 4th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, June 3rd. Interface’s payout ratio is presently 3.48%.
Interface Company Profile
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 band 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; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.
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