Interface (TILE) Getting Somewhat Favorable Press Coverage, Study Shows

Media coverage about Interface (NASDAQ:TILE) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Interface earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the textile maker an impact score of 46.3809872421474 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Shares of Interface (TILE) opened at $25.45 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.51 and a debt-to-equity ratio of 0.66. Interface has a one year low of $17.17 and a one year high of $26.10. The company has a market capitalization of $1,512.30, a P/E ratio of 29.94 and a beta of 1.35.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Interface had a return on equity of 21.39% and a net margin of 5.53%. The firm had revenue of $257.43 million during the quarter, compared to analysts’ expectations of $255.63 million. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts expect that Interface will post 1.15 EPS for the current fiscal year.

Several research firms recently commented on TILE. BidaskClub cut Interface from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Nomura raised their target price on Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. ValuEngine raised Interface from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research cut Interface from a “buy” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 target price on shares of Interface in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Interface currently has an average rating of “Hold” and a consensus target price of $25.67.

In other Interface news, Director Daniel T. Hendrix sold 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $22.95, for a total value of $619,650.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Interface (NASDAQ:TILE)

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