Interface (NASDAQ:TILE – Get Rating) issued its quarterly earnings data on Friday. The textile maker reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04, RTT News reports. The business had revenue of $346.60 million during the quarter, compared to the consensus estimate of $357.70 million. Interface had a net margin of 4.89% and a return on equity of 23.39%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Interface updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.
Interface Stock Performance
TILE traded down $0.55 during trading on Monday, hitting $12.55. The stock had a trading volume of 543,909 shares, compared to its average volume of 222,927. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.24 and a current ratio of 2.51. The firm has a market capitalization of $746.01 million, a P/E ratio of 11.84 and a beta of 1.77. The company’s 50-day moving average price is $13.46 and its 200 day moving average price is $13.38. Interface has a twelve month low of $11.87 and a twelve month high of $18.03.
Interface Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were paid a $0.01 dividend. The ex-dividend date was Thursday, June 2nd. This represents a $0.04 annualized dividend and a yield of 0.32%. Interface’s dividend payout ratio is currently 3.77%.
Institutional Investors Weigh In On Interface
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 brand 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; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.
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