Interface (TILE) to Release Earnings on Friday

Interface (NASDAQ:TILE) is scheduled to be issuing 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 wish to listen to the company’s conference call can do so using this link.

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

Interface Stock Down 3.0 %

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

Interface Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial increased their price objective on Interface from $10.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. TheStreet raised Interface from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. Finally, Barrington Research assumed coverage on Interface in a research note on Monday, April 15th. They issued an “outperform” rating and a $20.00 price objective for the company.

Interface Company Profile

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.