News articles about Interface (NASDAQ:TILE) have been trending positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Interface earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 46.0317639191374 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
TILE has been the subject of several research reports. BidaskClub downgraded shares of Interface from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price target on shares of Interface in a research report on Friday, July 28th. ValuEngine downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Nomura upped their price target on shares of Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Interface currently has a consensus rating of “Hold” and a consensus target price of $23.50.
Shares of Interface (NASDAQ TILE) traded up $0.25 on Wednesday, reaching $24.95. 338,700 shares of the company’s stock traded hands, compared to its average volume of 440,873. The company has a quick ratio of 1.40, a current ratio of 2.51 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1,490.00, a PE ratio of 21.67 and a beta of 1.32. Interface has a 12 month low of $16.80 and a 12 month high of $25.05.
Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analysts’ expectations of $255.63 million. Interface had a net margin of 5.53% and a return on equity of 21.39%. Interface’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. sell-side analysts anticipate that Interface will post 1.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.26 annualized dividend and a yield of 1.04%. Interface’s dividend payout ratio is currently 30.23%.
In other Interface news, VP Stansfield Nigel sold 8,450 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total value of $162,747.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel T. Hendrix sold 6,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $19.95, for a total transaction of $119,700.00. The disclosure for this sale can be found here. Insiders sold a total of 92,450 shares of company stock worth $2,018,267 over the last three months. 1.90% of the stock is currently owned by corporate insiders.
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Interface Company Profile
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.
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