In yesterday’s Wall Street session, Interface Inc. (NASDAQ:TILE) shares traded at $8.00, down -4.88% from the previous session.
TILE stock price is now -23.25% away from the 50-day moving average and -29.81% away from the 200-day moving average. The market capitalization of the company currently stands at $478.96M.
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With the price target maintained at $18, Longbow recently Upgraded its rating from Neutral to Buy for Interface Inc. (NASDAQ: TILE). On February 22, 2023, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $13 to quote $9, while ‘Raymond James’ rates the stock as ‘Outperform’.
Insiders disposed of 24,712 shares of company stock worth roughly $0.2 million over the past 1 year. A total of 2.97% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TILE stock. A new stake in Interface Inc. shares was purchased by REGISTER FINANCIAL ADVISORS LLC during the first quarter worth $547,000. INDEPENDENT ADVISOR ALLIANCE invested $520,000 in shares of TILE during the first quarter. In the first quarter, EXCHANGE TRADED CONCEPTS, LLC acquired a new stake in Interface Inc. valued at approximately $308,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in TILE for approximately $306,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in TILE valued at around $282,000 in the second quarter. In total, there are 260 active investors with 95.70% ownership of the company’s stock.
On Monday morning Interface Inc. (NASDAQ: TILE) stock kicked off with the opening price of $8.19. During the past 12 months, Interface Inc. has had a low of $8.25 and a high of $15.05. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 2.80, and a quick ratio of 1.40. The fifty day moving average price for TILE is $10.42 and a two-hundred day moving average price translates $11.40 for the stock.
The latest earnings results from Interface Inc. (NASDAQ: TILE) was released for Oct, 2022. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.25 by 0.05. This compares to $0.37 EPS in the same period last year. The net profit margin was 1.50% and return on equity was 5.50% for TILE. The company reported revenue of $335.56 million for the quarter, compared to $339.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.2 percent. For the current quarter, analysts expect TILE to generate $338M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 12/02/2022 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.50% percent yield. There was an ex-dividend date of 12/01/2022 for this dividend. In terms of dividend payout ratio, TILE is presently at 12.60%.
Interface Inc.(TILE) Company Profile
Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services. In addition, the company sells and licenses a proprietary antimicrobial chemical compound under the Intersept name for use in interior finishes; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for global accounts and other customers through its InterfaceSERVICES business. It sells its products directly to end-users, as well as indirectly through independent contractors or distributors, and FLOR line of products through Internet sales and commercial sales force. The company has product showrooms or design studios in the United States, Canada, Mexico, England, France, Germany, Spain, the Netherlands, India, Australia, Norway, the United Arab Emirates, Russia, Singapore, Hong Kong, Thailand, China, and others. Interface, Inc. was incorporated in 1973 and is headquartered in Atlanta, Georgia.
