Shares of Interface, Inc. (NASDAQ:TILE - Get Free Report) gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $18.85, but opened at $20.03. Interface shares last traded at $19.04, with a volume of 59,099 shares trading hands.
The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS.
Interface Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Friday, March 28th. Interface's dividend payout ratio (DPR) is presently 2.72%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TILE. Barrington Research reissued an "outperform" rating and issued a $30.00 price target on shares of Interface in a report on Tuesday, April 15th. StockNews.com upgraded Interface from a "hold" rating to a "buy" rating in a research report on Monday.
Check Out Our Latest Report on TILE
Insider Activity at Interface
In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the transaction, the director now directly owns 96,147 shares in the company, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company's stock.
Hedge Funds Weigh In On Interface
Several institutional investors have recently added to or reduced their stakes in TILE. Venturi Wealth Management LLC increased its stake in shares of Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after acquiring an additional 750 shares during the last quarter. Huntington National Bank acquired a new position in Interface during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its stake in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after purchasing an additional 546 shares during the period. Principal Securities Inc. boosted its holdings in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after purchasing an additional 741 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Interface in the 4th quarter valued at $48,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Interface Trading Up 1.1 %
The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.96 and a beta of 1.93. 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 has a fifty day moving average price of $19.07 and a 200 day moving average price of $22.13.
About Interface
(
Get Free Report)
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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