Interface (TILE) Receives Coverage Optimism Rating of 0.08
Media coverage about Interface (NASDAQ:TILE) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Interface earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 45.5600636672995 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Snapchat’s risky redesign could debut in early December, anonymous source says (digitaltrends.com)
- Tesla Taps Former Microsoft Video Game Engineer to Lead User Interface Operation (thestreet.com)
- Interface, Inc. (TILE) Expected to Post Quarterly Sales of $256.05 Million (americanbankingnews.com)
- Zacks: Analysts Anticipate Interface, Inc. (TILE) Will Announce Earnings of $0.30 Per Share (americanbankingnews.com)
- Interface, Inc. (TILE) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Several equities analysts recently weighed in on the company. Nomura increased their target price on Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 target price on shares of Interface in a research report on Thursday, October 26th. ValuEngine downgraded Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded Interface from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.50.
Interface (TILE) traded up $0.20 during trading on Friday, hitting $23.05. The stock had a trading volume of 419,843 shares, compared to its average volume of 435,079. The stock has a market cap of $1,410.00, a P/E ratio of 20.17 and a beta of 1.32. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. Interface has a 52 week low of $16.80 and a 52 week high of $23.85.
Interface (NASDAQ:TILE) last released its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to the consensus estimate of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. analysts expect that Interface will post 1.15 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a $0.065 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.13%. Interface’s dividend payout ratio (DPR) is 30.23%.
In other news, VP Stansfield Nigel sold 8,450 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $19.26, for a total value of $162,747.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel T. Hendrix sold 27,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $22.95, for a total value of $619,650.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,450 shares of company stock worth $2,132,927. Company insiders own 1.90% of the company’s stock.
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Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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