Interface, Inc. (NASDAQ:TILE) – Research analysts at SunTrust Banks cut their Q1 2019 earnings per share (EPS) estimates for shares of Interface in a research report issued to clients and investors on Thursday, October 25th, Zacks Investment Research reports. SunTrust Banks analyst K. Hughes now anticipates that the textile maker will post earnings per share of $0.30 for the quarter, down from their prior estimate of $0.31. SunTrust Banks also issued estimates for Interface’s Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $1.72 EPS.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same quarter last year, the business earned $0.32 earnings per share.
Several other research firms have also commented on TILE. ValuEngine lowered shares of Interface from a “sell” rating to a “strong sell” rating in a research report on Monday, October 29th. Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 10th. Macquarie set a $20.00 price target on shares of Interface and gave the company a “hold” rating in a research report on Friday, October 26th. BidaskClub upgraded shares of Interface from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, Longbow Research upgraded shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.
TILE stock traded up $0.29 during midday trading on Monday, hitting $16.25. 196,286 shares of the stock traded hands, compared to its average volume of 616,592. The firm has a market cap of $949.94 million, a PE ratio of 13.77 and a beta of 1.48. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.35 and a current ratio of 2.52. Interface has a 1-year low of $15.76 and a 1-year high of $26.25.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be given a $0.065 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.60%. Interface’s dividend payout ratio (DPR) is 22.03%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Interface by 7.2% in the second quarter. BlackRock Inc. now owns 9,237,013 shares of the textile maker’s stock valued at $211,990,000 after purchasing an additional 619,945 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of Interface by 15.1% in the third quarter. Frontier Capital Management Co. LLC now owns 3,084,204 shares of the textile maker’s stock worth $72,016,000 after buying an additional 403,592 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Interface by 111.2% in the third quarter. Deprince Race & Zollo Inc. now owns 1,760,921 shares of the textile maker’s stock worth $41,118,000 after buying an additional 927,131 shares in the last quarter. Ariel Investments LLC lifted its stake in shares of Interface by 9.9% in the second quarter. Ariel Investments LLC now owns 987,315 shares of the textile maker’s stock worth $22,659,000 after buying an additional 89,241 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Interface by 6.1% in the second quarter. Northern Trust Corp now owns 834,021 shares of the textile maker’s stock worth $19,140,000 after buying an additional 47,946 shares in the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.
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 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; and luxury vinyl tile products.
Featured Story: Moving Average (MA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.