Interface (NASDAQ:TILE) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

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 results on Friday. The textile maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.13, Zacks reports. The firm had revenue of $375.52 million during the quarter, compared to analysts' expectations of $360.57 million. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. Interface updated its FY 2025 guidance to EPS and its Q3 2025 guidance to EPS.

Interface Price Performance

Shares of Interface stock traded up $0.25 during midday trading on Wednesday, reaching $25.71. The company had a trading volume of 573,560 shares, compared to its average volume of 459,313. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The stock has a fifty day simple moving average of $21.09 and a 200 day simple moving average of $20.71. Interface has a 1-year low of $15.93 and a 1-year high of $27.34.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Interface's dividend payout ratio (DPR) is currently 2.47%.

Insider Buying and Selling at Interface

In related news, VP James Poppens sold 19,474 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were 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 of the company's stock, valued at $2,621,059.88. This trade represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Interface

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of 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 purchasing an additional 1,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Interface by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker's stock valued at $677,000 after acquiring an additional 1,485 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 acquiring an additional 9,580 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Interface by 5.9% during the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker's stock worth $14,854,000 after acquiring an additional 42,011 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TILE shares. Wall Street Zen raised shares of Interface from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Barrington Research raised their price objective on shares of Interface from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, August 1st.

Interface Company Profile

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.