Interface (TILE) Expected to Announce Quarterly Earnings on Tuesday

Interface (NASDAQ:TILE - Get Free Report) is expected to be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $340.51 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Interface Price Performance

TILE traded down $0.79 during trading hours on Friday, hitting $21.48. The company's stock had a trading volume of 509,304 shares, compared to its average volume of 408,474. The business's 50-day moving average price is $24.03 and its 200-day moving average price is $21.77. Interface has a 12 month low of $13.00 and a 12 month high of $27.34. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.98 and a beta of 2.10. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TILE shares. Barrington Research restated an "outperform" rating and issued a $30.00 price target on shares of Interface in a research report on Tuesday, January 28th. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th.

Insiders Place Their Bets

In other Interface news, VP David B. Foshee sold 15,175 shares of Interface stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total transaction of $398,647.25. Following the completion of the transaction, the vice president now directly owns 202,398 shares of the company's stock, valued at $5,316,995.46. The trade was a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total transaction of $297,250.00. Following the transaction, the director now directly owns 103,647 shares of the company's stock, valued at $2,464,725.66. The trade was a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,175 shares of company stock valued at $1,471,087 over the last three months. 2.60% of the stock is owned by company insiders.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.