Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, May 12th will be given a dividend of 0.06 per share by the textile maker on Friday, May 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, May 10th.
Interface (NASDAQ:TILE) traded down 1.29% during midday trading on Friday, hitting $19.20. 96,330 shares of the stock were exchanged. The firm has a market capitalization of $1.21 billion, a P/E ratio of 25.23 and a beta of 1.22. Interface has a 1-year low of $14.56 and a 1-year high of $21.00. The firm’s 50-day moving average price is $19.18 and its 200 day moving average price is $18.39.
Interface (NASDAQ:TILE) last announced its earnings results on Wednesday, April 26th. The textile maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Interface had a net margin of 7.01% and a return on equity of 18.80%. The company had revenue of $221.10 million for the quarter, compared to the consensus estimate of $222.81 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Interface will post $1.14 earnings per share for the current fiscal year.
In other news, insider Daniel T. Hendrix sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $18.75, for a total transaction of $56,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jay Gould acquired 26,300 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were bought at an average cost of $19.04 per share, with a total value of $500,752.00. The disclosure for this purchase can be found here. Insiders sold 88,999 shares of company stock valued at $1,728,511 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.
A hedge fund recently raised its stake in Interface stock. Teachers Advisors LLC increased its stake in shares of Interface, Inc. (NASDAQ:TILE) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,338 shares of the textile maker’s stock after buying an additional 1,309 shares during the period. Teachers Advisors LLC owned about 0.18% of Interface worth $2,159,000 as of its most recent SEC filing. Institutional investors and hedge funds own 96.81% of the company’s stock.
TILE has been the topic of several research reports. Zacks Investment Research lowered shares of Interface from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. Stifel Nicolaus lifted their target price on shares of Interface from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Finally, Nomura started coverage on shares of Interface in a report on Wednesday, April 12th. They issued a “buy” rating and a $22.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Interface has a consensus rating of “Hold” and a consensus target price of $19.00.
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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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