Equities research analysts predict that Interface, Inc. (NASDAQ:TILE) will post $236.32 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Interface’s earnings, with the lowest sales estimate coming in at $229.90 million and the highest estimate coming in at $244.00 million. Interface posted sales of $221.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Interface will report full year sales of $236.32 million for the current year, with estimates ranging from $1.03 billion to $1.06 billion. For the next financial year, analysts anticipate that the company will report sales of $1.09 billion per share, with estimates ranging from $1.07 billion to $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Interface.
Interface (NASDAQ:TILE) last released its earnings results on Wednesday, February 21st. The textile maker reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $266.21 million for the quarter, compared to analyst estimates of $256.68 million. Interface had a return on equity of 22.08% and a net margin of 5.34%. Interface’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share.
Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new position in shares of Interface in the 3rd quarter valued at $118,000. Xact Kapitalforvaltning AB acquired a new stake in Interface during the 4th quarter worth about $210,000. Wolverine Trading LLC acquired a new stake in Interface during the 4th quarter worth about $218,000. Amalgamated Bank acquired a new stake in Interface during the 4th quarter worth about $219,000. Finally, Two Sigma Securities LLC acquired a new stake in Interface during the 4th quarter worth about $240,000. Institutional investors and hedge funds own 96.05% of the company’s stock.
NASDAQ:TILE traded down $0.60 during mid-day trading on Monday, reaching $24.60. 877,063 shares of the stock were exchanged, compared to its average volume of 408,811. The firm has a market cap of $1,495.29, a P/E ratio of 20.85 and a beta of 1.19. Interface has a 1-year low of $18.15 and a 1-year high of $26.25. The company has a quick ratio of 1.43, a current ratio of 2.44 and a debt-to-equity ratio of 0.65.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a $0.065 dividend. The ex-dividend date was Thursday, March 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.06%. Interface’s dividend payout ratio (DPR) is 22.03%.
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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