Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Wednesday, October 24th, RTT News reports. Stockholders of record on Friday, November 9th will be given a dividend of 0.065 per share by the textile maker on Friday, November 23rd. This represents a $0.26 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, November 8th.
Interface has increased its dividend by an average of 21.3% annually over the last three years and has raised its dividend every year for the last 4 years. Interface has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interface to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 15.2%.
TILE opened at $17.40 on Wednesday. The stock has a market cap of $1.02 billion, a P/E ratio of 14.75 and a beta of 1.48. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.57 and a quick ratio of 1.37. Interface has a fifty-two week low of $15.79 and a fifty-two week high of $26.25.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $318.33 million during the quarter, compared to analyst estimates of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same quarter in the prior year, the business earned $0.32 earnings per share. Analysts predict that Interface will post 1.48 earnings per share for the current year.
Several research firms recently weighed in on TILE. BidaskClub lowered shares of Interface from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Friday, August 10th. Longbow Research upgraded shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, August 14th. They noted that the move was a valuation call. ValuEngine upgraded shares of Interface from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, TheStreet lowered shares of Interface from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.33.
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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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