Brokerages Expect Interface, Inc. (TILE) Will Post Quarterly Sales of $236.32 Million

Wall Street brokerages expect that Interface, Inc. (NASDAQ:TILE) will announce sales of $236.32 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Interface’s earnings, with estimates ranging from $229.90 million to $244.00 million. Interface reported sales of $221.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is expected to announce its next earnings results on Wednesday, April 25th.

On average, analysts expect that Interface will report full-year sales of $236.32 million for the current financial year, with estimates ranging from $1.03 billion to $1.06 billion. For the next financial year, analysts forecast that the company will report sales of $1.09 billion per share, with estimates ranging from $1.07 billion to $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Interface.

How to Become a New Pot Stock Millionaire

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $266.21 million for the quarter, compared to analyst estimates of $256.68 million. Interface had a return on equity of 22.08% and a net margin of 5.34%. Interface’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

A number of brokerages recently weighed in on TILE. BidaskClub lowered Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research lowered Interface from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TILE. Zions Bancorporation bought a new stake in shares of Interface in the 3rd quarter valued at about $118,000. Xact Kapitalforvaltning AB bought a new stake in shares of Interface in the 4th quarter valued at about $210,000. Wolverine Trading LLC bought a new stake in shares of Interface in the 4th quarter valued at about $218,000. Amalgamated Bank bought a new stake in shares of Interface in the 4th quarter valued at about $219,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Interface in the 4th quarter valued at about $240,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

TILE stock traded up $0.25 during midday trading on Monday, reaching $25.20. 258,315 shares of the stock were exchanged, compared to its average volume of 404,133. The firm has a market capitalization of $1,495.29, a P/E ratio of 21.36 and a beta of 1.26. Interface has a 52 week low of $18.15 and a 52 week high of $26.25. The company has a quick ratio of 1.43, a current ratio of 2.44 and a debt-to-equity ratio of 0.65.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were given a $0.065 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.03%. Interface’s dividend payout ratio (DPR) is presently 22.03%.

ILLEGAL ACTIVITY WARNING: “Brokerages Expect Interface, Inc. (TILE) Will Post Quarterly Sales of $236.32 Million” was published by WKRB News and is the property of of WKRB News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.wkrb13.com/2018/04/01/brokerages-expect-interface-inc-tile-will-post-quarterly-sales-of-236-32-million.html.

About Interface

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.

Get a free copy of the Zacks research report on Interface (TILE)

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.

Leave a Reply