Interface (NASDAQ:TILE – Get Free Report) issued its earnings results on Friday. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.12, RTT News reports. Interface had a net margin of 3.53% and a return on equity of 14.95%. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $284.76 million. During the same quarter last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Interface updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.
Interface Trading Up 9.6 %
NASDAQ:TILE traded up $1.53 on Friday, reaching $17.39. The company’s stock had a trading volume of 794,394 shares, compared to its average volume of 385,721. The firm has a market cap of $1.01 billion, a PE ratio of 22.88, a PEG ratio of 0.97 and a beta of 1.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 2.72. The business’s 50-day moving average price is $15.85 and its two-hundred day moving average price is $12.91. Interface has a 1-year low of $6.51 and a 1-year high of $18.47.
Interface Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. Interface’s dividend payout ratio is presently 5.26%.
Wall Street Analyst Weigh In
Read Our Latest Analysis on TILE
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.
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