Interface (TILE) Scheduled to Post Quarterly Earnings on Friday

Interface (NASDAQ:TILE) is scheduled to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Interface has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 27th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. The company had revenue of $325.10 million for the quarter, compared to analysts’ expectations of $320.16 million. Interface had a net margin of 3.53% and a return on equity of 14.95%. Interface’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, analysts expect Interface to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Interface Stock Performance

Shares of TILE opened at $15.31 on Friday. 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 stock has a market capitalization of $891.04 million, a P/E ratio of 20.15, a P/E/G ratio of 1.03 and a beta of 1.98. The company’s fifty day moving average is $15.54 and its two-hundred day moving average is $12.64. Interface has a 1 year low of $6.51 and a 1 year high of $18.47.

Interface Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given 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 dividend yield of 0.26%. Interface’s payout ratio is currently 5.26%.

Wall Street Analyst Weigh In

Several brokerages have commented on TILE. Barrington Research started coverage on shares of Interface in a research report on Monday, April 15th. They set an “outperform” rating and a $20.00 target price on the stock. TheStreet upgraded shares of Interface from a “c” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, Truist Financial upped their target price on shares of Interface from $10.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, February 28th.

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.