Interface (TILE) to Release Quarterly Earnings on Tuesday

Interface (NASDAQ:TILE) is projected to post its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Interface to post earnings of $0.29 per share and revenue of $340.51 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Interface Stock Performance

NASDAQ:TILE opened at $23.16 on Tuesday. Interface has a 12-month low of $12.87 and a 12-month high of $27.34. The firm has a market capitalization of $1.35 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.01 and a beta of 2.10. The firm has a 50-day moving average price of $24.31 and a 200 day moving average price of $21.67. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TILE. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Interface in a research report on Tuesday, January 28th.

Insider Transactions at Interface

In other news, Director Daniel T. Hendrix sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total value of $473,940.00. Following the sale, the director now directly owns 153,147 shares in the company, valued at $4,032,360.51. The trade was a 10.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.50, for a total value of $765,000.00. Following the transaction, the chief financial officer now directly owns 168,475 shares of the company’s stock, valued at $4,296,112.50. This represents a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,175 shares of company stock valued at $2,236,087 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.