Interface (NASDAQ:TILE) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Interface (NASDAQ:TILE - Get Free Report) released its quarterly earnings data on Friday. The textile maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04, Zacks reports. The business had revenue of $297.41 million during the quarter, compared to analyst estimates of $297.11 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. Interface updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Interface Stock Down 0.4 %

Shares of TILE stock traded down $0.08 on Monday, reaching $19.15. 374,649 shares of the company's stock traded hands, compared to its average volume of 514,231. The company has a market capitalization of $1.12 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. Interface has a 12-month low of $14.13 and a 12-month high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The business's 50 day moving average price is $19.06 and its two-hundred day moving average price is $22.16.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.01 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface's payout ratio is currently 2.72%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TILE. StockNews.com raised Interface from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. Barrington Research reissued an "outperform" rating and issued a $30.00 target price on shares of Interface in a research report on Friday.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now owns 96,147 shares of the company's stock, valued at $1,918,132.65. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company's stock.

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.