Weekly Research Analysts’ Ratings Changes for Interface (TILE)

A number of firms have modified their ratings and price targets on shares of Interface (NASDAQ: TILE) recently:

  • 10/29/2018 – Interface was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/27/2018 – Interface was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/26/2018 – Interface was given a new $20.00 price target on by analysts at Macquarie. They now have a “hold” rating on the stock.
  • 10/24/2018 – Interface was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/18/2018 – Interface was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/12/2018 – Interface was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/28/2018 – Interface was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/20/2018 – Interface was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Interface stock traded down $0.53 during trading on Thursday, hitting $17.09. 4,635 shares of the company were exchanged, compared to its average volume of 564,752. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.57 and a quick ratio of 1.37. Interface, Inc. has a fifty-two week low of $15.79 and a fifty-two week high of $26.25. The company has a market capitalization of $1.04 billion, a P/E ratio of 14.48 and a beta of 1.48.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Wednesday, October 24th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Interface had a return on equity of 24.69% and a net margin of 4.35%. The firm had revenue of $318.33 million during the quarter, compared to the consensus estimate of $316.38 million. During the same period in the previous year, the firm posted $0.32 EPS. As a group, research analysts expect that Interface, Inc. will post 1.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.52%. Interface’s dividend payout ratio is currently 22.03%.

Institutional investors and hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc boosted its position in Interface by 122.6% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock worth $158,000 after purchasing an additional 3,800 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Interface in the 2nd quarter valued at approximately $170,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Interface in the 3rd quarter valued at approximately $236,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Interface in the 2nd quarter valued at approximately $289,000. Finally, GAM Holding AG purchased a new stake in shares of Interface in the 2nd quarter valued at approximately $340,000. Institutional investors own 92.49% 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.

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