Interface (TILE) Receives Daily Media Impact Score of 0.23
News coverage about Interface (NASDAQ:TILE) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Interface earned a news impact score of 0.23 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 44.571192326837 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms have issued reports on TILE. ValuEngine cut shares of Interface from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target on shares of Interface in a research note on Friday, July 28th. Finally, BidaskClub raised shares of Interface from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.
Interface (TILE) traded up 0.47% during midday trading on Friday, hitting $21.40. 426,678 shares of the company’s stock traded hands. The company has a market capitalization of $1.32 billion, a PE ratio of 27.54 and a beta of 1.19. Interface has a 52 week low of $14.59 and a 52 week high of $21.48. The company has a 50 day moving average of $19.22 and a 200-day moving average of $19.35.
Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $251.70 million for the quarter, compared to analysts’ expectations of $254.94 million. Interface had a return on equity of 19.66% and a net margin of 5.21%. Interface’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. Equities research analysts predict that Interface will post $1.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a $0.065 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.26 dividend on an annualized basis and a yield of 1.21%. This is a boost from Interface’s previous quarterly dividend of $0.06. Interface’s dividend payout ratio (DPR) is currently 33.33%.
In other Interface news, Director Daniel T. Hendrix sold 6,000 shares of Interface stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $18.95, for a total transaction of $113,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stansfield Nigel sold 8,450 shares of Interface stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total value of $162,747.00. The disclosure for this sale can be found here. Insiders sold a total of 26,450 shares of company stock worth $510,807 in the last three months. 1.90% of the stock is currently owned by company insiders.
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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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