Interface (TILE) Set to Announce Earnings on Friday

Interface (NASDAQ:TILE - Get Free Report) will be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Interface has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.12. Interface had a return on equity of 18.42% and a net margin of 5.20%. The firm had revenue of $346.60 million during the quarter, compared to the consensus estimate of $340.21 million. During the same period in the prior year, the company earned $0.25 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Interface Price Performance

TILE traded down $0.29 during trading hours on Friday, hitting $18.08. The company's stock had a trading volume of 288,469 shares, compared to its average volume of 442,171. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 0.97 and a beta of 1.97. The business's 50-day moving average price is $18.52 and its 200-day moving average price is $16.69. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. Interface has a 12 month low of $8.26 and a 12 month high of $20.21.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, August 30th. Interface's payout ratio is 3.96%.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 3,403 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $15.99, for a total value of $54,413.97. Following the sale, the director now owns 200,147 shares in the company, valued at $3,200,350.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Daniel T. Hendrix sold 3,403 shares of the business's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $15.99, for a total value of $54,413.97. Following the completion of the sale, the director now owns 200,147 shares in the company, valued at approximately $3,200,350.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the transaction, the chief financial officer now directly owns 198,475 shares in the company, valued at approximately $3,374,075. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,458 shares of company stock worth $1,339,433 over the last 90 days. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TILE shares. StockNews.com raised Interface from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, August 6th. Barrington Research reaffirmed an "outperform" rating and set a $22.00 price objective on shares of Interface in a research note on Friday, September 20th.

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.