ValuEngine cut shares of Interface (NASDAQ:TILE) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
A number of other research analysts also recently commented on TILE. Zacks Investment Research upgraded Interface from a hold rating to a buy rating and set a $28.00 target price for the company in a research report on Tuesday, February 27th. BidaskClub upgraded Interface from a hold rating to a buy rating in a research report on Tuesday, March 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $25.67.
Get Interface alerts:NASDAQ TILE opened at $22.70 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.60 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.36 billion, a PE ratio of 19.24 and a beta of 1.24. Interface has a one year low of $18.30 and a one year high of $26.25.
Interface (NASDAQ:TILE) last posted its earnings results on Wednesday, April 25th. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $241.00 million during the quarter, compared to the consensus estimate of $234.96 million. Interface had a return on equity of 22.51% and a net margin of 5.88%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. sell-side analysts expect that Interface will post 1.43 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be given a $0.065 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.26 dividend on an annualized basis and a yield of 1.15%. Interface’s dividend payout ratio is presently 22.03%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Interface by 10.4% in the first quarter. BlackRock Inc. now owns 8,617,068 shares of the textile maker’s stock worth $217,152,000 after buying an additional 810,681 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Interface by 2.5% in the first quarter. Frontier Capital Management Co. LLC now owns 2,765,488 shares of the textile maker’s stock worth $69,690,000 after buying an additional 67,472 shares during the last quarter. Millennium Management LLC lifted its position in Interface by 611.0% in the fourth quarter. Millennium Management LLC now owns 960,638 shares of the textile maker’s stock worth $24,160,000 after buying an additional 825,536 shares during the last quarter. Wells Fargo & Company MN lifted its position in Interface by 14.5% in the first quarter. Wells Fargo & Company MN now owns 920,947 shares of the textile maker’s stock worth $23,209,000 after buying an additional 116,681 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Interface by 2.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 803,417 shares of the textile maker’s stock worth $20,206,000 after buying an additional 23,010 shares during the last quarter. Institutional investors own 93.00% of the company’s stock.
About 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 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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