Interface - TILE Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Interface in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TILE shares.
View TILE analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 12-month target prices for Interface's stock. Their TILE share price forecasts range from $13.00 to $17.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests a possible upside of 29.1% from the stock's current price.
View analysts price targets for TILE or view top-rated stocks among Wall Street analysts.

Interface's stock was trading at $9.87 at the beginning of 2023. Since then, TILE stock has increased by 17.7% and is now trading at $11.62.
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Interface saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 526,300 shares, a drop of 19.2% from the December 31st total of 651,300 shares. Based on an average trading volume of 242,700 shares, the short-interest ratio is presently 2.2 days. Currently, 0.9% of the shares of the company are sold short.
View Interface's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our TILE earnings forecast.

Interface will be holding an earnings conference call on Tuesday, February 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Interface, Inc. (NASDAQ:TILE) released its quarterly earnings results on Friday, November, 5th. The textile maker reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The textile maker had revenue of $312.70 million for the quarter, compared to analysts' expectations of $315.20 million. Interface had a trailing twelve-month return on equity of 23.82% and a net margin of 5.07%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share.

Interface declared a quarterly dividend on Tuesday, November 15th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.01 per share on Friday, December 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Thursday, December 1st.
Read our dividend analysis for TILE.

Interface (NASDAQ:TILE) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.34%. The dividend payout ratio is 3.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TILE will have a dividend payout ratio of 2.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TILE.

Interface issued an update on its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.28 billion-$1.30 billion, compared to the consensus revenue estimate of $1.31 billion.

10 employees have rated Interface Chief Executive Officer Dan Hendrix on Glassdoor.com. Dan Hendrix has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Interface investors own include Ford Motor (F), Pfizer (PFE), Bank of America (BAC), First Solar (FSLR), General Electric (GE), Raytheon Technologies (RTX), Enterprise Products Partners (EPD), Gilead Sciences (GILD), General Motors (GM) and Tapestry (TPR).

Interface trades on the NASDAQ under the ticker symbol "TILE."

Interface's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Ceredex Value Advisors LLC (1.52%), State of New Jersey Common Pension Fund D (0.36%), New York State Teachers Retirement System (0.23%), New York State Common Retirement Fund (0.16%), Green Alpha Advisors LLC (0.14%) and Janney Montgomery Scott LLC (0.08%).
View institutional ownership trends.

Shares of TILE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TILE stock can currently be purchased for approximately $11.62.

Interface (NASDAQ:TILE) has a market capitalization of $675.94 million and generates $1.20 billion in revenue each year. The textile maker earns $55.23 million in net income (profit) each year or $1.11 on an earnings per share basis.

The company employs 3,646 workers across the globe.

Interface's mailing address is 1280 WEST PEACHTREE STREET, ATLANTA GA, 30309. The official website for the company is www.interface.com. The textile maker can be reached via phone at (770) 437-6800, via email at investor@interface.com, or via fax at 770-319-0070.