Media stories about Interface (NASDAQ:TILE) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Interface earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 45.7061500800877 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Interface (NASDAQ:TILE) opened at $24.25 on Friday. The company has a market capitalization of $1,460.00, a PE ratio of 20.40 and a beta of 1.32. Interface has a twelve month low of $16.80 and a twelve month high of $24.30. 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 (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analyst estimates of $255.63 million. Interface had a return on equity of 23.48% and a net margin of 7.55%. The company’s quarterly 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 earnings per share. sell-side analysts anticipate that Interface will post 1.15 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.26 annualized dividend and a yield of 1.07%. Interface’s payout ratio is presently 30.23%.
A number of brokerages have recently commented on TILE. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Saturday, October 28th. Nomura boosted their price target on Interface from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target on shares of Interface in a report on Thursday, October 26th. ValuEngine lowered Interface from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered Interface from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.50.
In related news, Director Daniel T. Hendrix sold 27,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $22.95, for a total transaction of $619,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Stansfield Nigel sold 8,450 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $19.26, for a total value of $162,747.00. The disclosure for this sale can be found here. Insiders have sold 92,450 shares of company stock worth $2,018,267 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.
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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