Interface (NASDAQ:TILE) Releases Earnings Results, Beats Expectations By $0.05 EPS

Interface (NASDAQ:TILE) posted its quarterly earnings results on Tuesday. The textile maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05, Zacks reports. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. During the same period last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Interface updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Interface Price Performance

Shares of TILE stock opened at $21.31 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The company has a market capitalization of $1.24 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. The firm’s 50-day moving average is $23.84 and its two-hundred day moving average is $21.91. Interface has a 12 month low of $13.15 and a 12 month high of $27.34.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TILE. Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Interface in a report on Tuesday, January 28th. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Insider Activity

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total value of $301,250.00. Following the sale, the director now owns 116,147 shares in the company, valued at $2,799,142.70. The trade was a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the transaction, the vice president now directly owns 202,398 shares in the company, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,175 shares of company stock valued at $1,471,087 in the last 90 days. Company insiders own 2.60% of the company’s stock.

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.