Equities research analysts predict that Interface, Inc. (NASDAQ:TILE) will report earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Interface’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.31. Interface reported earnings of $0.28 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 21st.
On average, analysts expect that Interface will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.14 to $1.17. For the next year, analysts anticipate that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Interface.
Several research analysts recently commented on TILE shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Interface in a report on Thursday, October 26th. Nomura raised their price objective on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Saturday, October 28th. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Finally, ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.67.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TILE. Teachers Advisors LLC boosted its holdings in Interface by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 117,546 shares of the textile maker’s stock worth $2,310,000 after buying an additional 4,208 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Interface by 9.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the textile maker’s stock valued at $436,000 after purchasing an additional 1,880 shares during the period. California Public Employees Retirement System boosted its holdings in Interface by 5.6% in the 2nd quarter. California Public Employees Retirement System now owns 160,900 shares of the textile maker’s stock valued at $3,162,000 after purchasing an additional 8,500 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Interface by 19.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 89,748 shares of the textile maker’s stock valued at $1,764,000 after purchasing an additional 14,866 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Interface by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,447,960 shares of the textile maker’s stock valued at $48,102,000 after purchasing an additional 7,975 shares during the period. 90.78% of the stock is owned by institutional investors.
Interface (NASDAQ:TILE) traded down $0.15 during trading on Friday, hitting $23.70. 382,132 shares of the stock were exchanged, compared to its average volume of 371,802. The company has a market cap of $1,427.95, a P/E ratio of 27.88 and a beta of 1.29. Interface has a 1 year low of $17.50 and a 1 year high of $26.25. The company has a quick ratio of 1.40, a current ratio of 2.51 and a debt-to-equity ratio of 0.66.
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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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