Media coverage about Interface (NASDAQ:TILE) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Interface earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 44.9970813874378 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Educadium Acquired By iContracts (prweb.com)
- THine Announces Establishment of Interface Technology for Image Sensor Cameras, VBOCTM (Video By One Cable/Connector for Camera) (markets.financialcontent.com)
- Global POS Cash Drawer Market 2017-2021: Analysis By Interface & End User – Research and Markets (markets.financialcontent.com)
- xChainge plant, Kryptobörsen durch Blockchain-basierte P2P-Transaktionen zu ersetzen, bereitet sich auf Crowdsale vor (prnewswire.com)
Shares of Interface (TILE) opened at $24.35 on Tuesday. The firm has a market capitalization of $1,476.15, a P/E ratio of 21.49 and a beta of 1.35. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. Interface has a twelve month low of $17.17 and a twelve month high of $25.70.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analysts’ expectations of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. sell-side analysts forecast that Interface will post 1.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.07%. Interface’s dividend payout ratio (DPR) is presently 30.59%.
A number of brokerages have commented on TILE. Nomura lifted their target price on Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, October 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $23.00 target price on shares of Interface in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.50.
In other news, Director Christopher G. Kennedy sold 29,500 shares of Interface stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $21.92, for a total transaction of $646,640.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel T. Hendrix sold 5,000 shares of Interface stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $21.45, for a total value of $107,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,000 shares of company stock worth $1,855,520. Corporate insiders own 1.90% of the company’s stock.
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Interface Company Profile
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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