Shares of Interface, Inc. (NASDAQ:TILE) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.67.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Interface from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. BidaskClub lowered shares of Interface from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Finally, ValuEngine upgraded shares of Interface from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 22nd.
Shares of TILE stock opened at $15.27 on Friday. The firm has a 50-day moving average price of $15.28. The stock has a market capitalization of $913.05 million, a P/E ratio of 10.25 and a beta of 1.52. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.20 and a current ratio of 2.43. Interface has a one year low of $13.45 and a one year high of $24.50.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, April 24th. The textile maker reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $298.00 million during the quarter, compared to analyst estimates of $300.16 million. Interface had a net margin of 3.41% and a return on equity of 23.53%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, equities research analysts predict that Interface will post 1.6 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in Interface during the fourth quarter worth about $19,838,000. Frontier Capital Management Co. LLC boosted its position in Interface by 24.2% during the first quarter. Frontier Capital Management Co. LLC now owns 4,555,383 shares of the textile maker’s stock worth $69,788,000 after purchasing an additional 887,883 shares during the period. FMR LLC boosted its position in Interface by 15.8% during the fourth quarter. FMR LLC now owns 2,788,403 shares of the textile maker’s stock worth $39,735,000 after purchasing an additional 379,771 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Interface by 141.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 565,513 shares of the textile maker’s stock worth $8,059,000 after purchasing an additional 331,598 shares during the period. Finally, Trillium Asset Management LLC boosted its position in Interface by 348.9% during the first quarter. Trillium Asset Management LLC now owns 390,863 shares of the textile maker’s stock worth $5,988,000 after purchasing an additional 303,801 shares during the period. Institutional investors own 92.38% of the company’s stock.
Interface Company Profile
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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.
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