Posted by admin on Jun 18th, 2022

Interface, Inc. (NASDAQ:TILE – Get Rating) reached a new 52-week low during trading on Thursday . The stock traded as low as $12.18 and last traded at $12.21, with a volume of 2988 shares. The stock had previously closed at $13.34.

Several research analysts have commented on TILE shares. Raymond James lowered their price target on shares of Interface from $19.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, March 2nd. StockNews.com began coverage on shares of Interface in a report on Thursday, March 31st. They set a “strong-buy” rating for the company.

The firm’s fifty day moving average price is $13.43 and its 200-day moving average price is $13.91. The company has a current ratio of 2.37, a quick ratio of 1.08 and a debt-to-equity ratio of 1.38. The firm has a market cap of $726.77 million, a price-to-earnings ratio of 11.79 and a beta of 1.78.

Interface (NASDAQ:TILE – Get Rating) last issued its earnings results on Friday, May 6th. The textile maker reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. Interface had a net margin of 4.99% and a return on equity of 22.58%. The business had revenue of $288.00 million during the quarter, compared to analysts’ expectations of $282.97 million. During the same quarter in the prior year, the business posted $0.17 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, sell-side analysts expect that Interface, Inc. will post 1.33 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Thursday, June 2nd. Interface’s payout ratio is 3.85%.

A number of hedge funds have recently added to or reduced their stakes in TILE. Captrust Financial Advisors raised its position in Interface by 228.8% in the 1st quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,812 shares during the last quarter. Royal Bank of Canada raised its position in Interface by 51.2% in the 3rd quarter. Royal Bank of Canada now owns 6,471 shares of the textile maker’s stock valued at $98,000 after purchasing an additional 2,190 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Interface by 19.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 7,584 shares of the textile maker’s stock valued at $122,000 after purchasing an additional 1,256 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Interface in the 1st quarter valued at $157,000. Finally, Zebra Capital Management LLC purchased a new stake in Interface in the 1st quarter valued at $174,000. Hedge funds and other institutional investors own 96.30% of the company’s stock.

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 brand 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 brand names; and luxury vinyl tile products.

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