Interface (TILE) Earning Somewhat Positive Press Coverage, Analysis Finds

Headlines about Interface (NASDAQ:TILE) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Interface earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.2301665010303 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Interface (TILE) opened at $25.70 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.51 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1,548.45, a P/E ratio of 30.24 and a beta of 1.35. Interface has a fifty-two week low of $17.17 and a fifty-two week high of $25.70.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $257.43 million during 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 firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. equities analysts anticipate that Interface will post 1.15 EPS for the current fiscal year.

A number of analysts recently weighed in on TILE shares. BidaskClub lowered shares of Interface from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Saturday, October 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target on shares of Interface in a report on Thursday, October 26th. Nomura upped their price target on Interface from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, ValuEngine raised Interface from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.67.

In other news, Director Daniel T. Hendrix sold 27,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $22.95, for a total value of $619,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

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Interface Company Profile

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.

Insider Buying and Selling by Quarter for Interface (NASDAQ:TILE)

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