Equities research analysts forecast that Interface, Inc. (NASDAQ:TILE) will post $0.39 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Interface’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.41. Interface posted earnings of $0.32 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.9%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 20th.
On average, analysts expect that Interface will report full-year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.50. For the next year, analysts anticipate that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.75. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Interface.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Interface had a net margin of 4.35% and a return on equity of 24.69%. The business had revenue of $318.33 million during the quarter, compared to analysts’ expectations of $316.38 million. During the same quarter in the previous year, the company earned $0.32 EPS.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Interface by 7.2% during the 2nd quarter. BlackRock Inc. now owns 9,237,013 shares of the textile maker’s stock valued at $211,990,000 after buying an additional 619,945 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in Interface by 15.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,084,204 shares of the textile maker’s stock valued at $72,016,000 after buying an additional 403,592 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in Interface by 111.2% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,760,921 shares of the textile maker’s stock valued at $41,118,000 after buying an additional 927,131 shares during the last quarter. Ariel Investments LLC raised its holdings in Interface by 9.9% during the 2nd quarter. Ariel Investments LLC now owns 987,315 shares of the textile maker’s stock valued at $22,659,000 after buying an additional 89,241 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Interface by 6.1% during the 2nd quarter. Northern Trust Corp now owns 834,021 shares of the textile maker’s stock valued at $19,140,000 after buying an additional 47,946 shares during the last quarter. 92.49% of the stock is owned by institutional investors.
Shares of Interface stock traded down $0.12 during trading on Friday, reaching $16.93. The company’s stock had a trading volume of 410,742 shares, compared to its average volume of 571,879. Interface has a 52-week low of $15.79 and a 52-week high of $26.25. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.35 and a beta of 1.48. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.37 and a current ratio of 2.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.54%. Interface’s dividend payout ratio (DPR) is 22.03%.
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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