Interface (NASDAQ:TILE) Releases Earnings Results

Key Points

• Interface reported a quarterly EPS of $0.60, surpassing analysts' expectations of $0.47 by a significant margin, and showed an 8.3% increase in revenue year-over-year, totaling $375.52 million.
• The company also announced a quarterly dividend of $0.01 per share, representing an annualized yield of 0.2% and a payout ratio of 2.76%.
• Following the earnings announcement, Interface’s stock price surged 19.4%, reaching $24.61, with significant trading volume of over 1 million shares.

Interface (NASDAQ:TILE - Get Free Report) announced its quarterly earnings data on Friday. The textile maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.13, Zacks reports. Interface had a net margin of 6.48% and a return on equity of 17.73%. The company had revenue of $375.52 million for the quarter, compared to the consensus estimate of $360.57 million. During the same period in the prior year, the firm posted $0.40 EPS. The company's quarterly revenue was up 8.3% compared to the same quarter last year. Interface updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Interface Stock Up 19.4%

TILE stock traded up $3.99 during trading on Friday, hitting $24.61. 1,189,025 shares of the company's stock were exchanged, compared to its average volume of 314,137. The business has a 50-day moving average price of $20.88 and a two-hundred day moving average price of $20.72. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 0.87 and a beta of 1.97. Interface has a 52-week low of $14.75 and a 52-week high of $27.34. The company has a current ratio of 2.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.59.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.2%. Interface's payout ratio is presently 2.76%.

Insiders Place Their Bets

In other Interface news, VP James Poppens sold 19,474 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $20.14, for a total value of $392,206.36. Following the completion of the sale, the vice president owned 130,142 shares in the company, valued at approximately $2,621,059.88. The trade was a 13.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Interface

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TILE. Goldman Sachs Group Inc. lifted its stake in Interface by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker's stock valued at $14,854,000 after buying an additional 42,011 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Interface by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker's stock valued at $3,015,000 after buying an additional 9,580 shares during the last quarter. Royal Bank of Canada lifted its stake in Interface by 8.4% in the first quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker's stock valued at $390,000 after buying an additional 1,522 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Interface by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker's stock valued at $677,000 after buying an additional 1,485 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barrington Research increased their price objective on shares of Interface from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday. Wall Street Zen upgraded Interface from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th.

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.

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