$0.49 EPS Expected for Interface, Inc. (NASDAQ:TILE) This Quarter

Equities research analysts predict that Interface, Inc. (NASDAQ:TILE) will report $0.49 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Interface’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.48. Interface posted earnings of $0.42 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The company is expected to announce its next earnings report on Wednesday, July 24th.

On average, analysts expect that Interface will report full-year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.56 to $1.63. For the next financial year, analysts forecast that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.70 to $1.90. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Interface.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Wednesday, April 24th. The textile maker reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $298.00 million during the quarter, compared to the consensus estimate of $300.16 million. Interface had a net margin of 3.41% and a return on equity of 23.53%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS.

Several equities analysts recently commented on TILE shares. BidaskClub raised shares of Interface from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Zacks Investment Research downgraded shares of Interface from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, ValuEngine raised shares of Interface from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in shares of Interface by 36.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,881 shares of the textile maker’s stock worth $46,000 after buying an additional 773 shares during the period. Private Capital Group LLC increased its position in shares of Interface by 53.2% during the first quarter. Private Capital Group LLC now owns 3,032 shares of the textile maker’s stock worth $46,000 after buying an additional 1,053 shares during the period. Hanson & Doremus Investment Management acquired a new stake in shares of Interface during the first quarter worth $47,000. Investors Research Corp acquired a new stake in shares of Interface during the first quarter worth $142,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Interface during the first quarter worth $164,000. Hedge funds and other institutional investors own 92.38% of the company’s stock.

NASDAQ:TILE traded up $0.12 on Friday, hitting $15.45. The company had a trading volume of 601 shares, compared to its average volume of 261,457. The stock has a market cap of $884.21 million, a PE ratio of 10.39 and a beta of 1.55. The company has a quick ratio of 1.20, a current ratio of 2.43 and a debt-to-equity ratio of 2.03. The company’s 50 day moving average price is $15.45. Interface has a 52 week low of $13.45 and a 52 week high of $24.50.

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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Earnings History and Estimates for Interface (NASDAQ:TILE)

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