Interface (TILE) Receiving Favorable Press Coverage, Report Finds
Press coverage about Interface (NASDAQ:TILE) has trended positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Interface earned a news impact score of 0.34 on Accern’s scale. Accern also gave headlines about the textile maker an impact score of 45.6450360505063 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- xChainge plant, Kryptobörsen durch Blockchain-basierte P2P-Transaktionen zu ersetzen, bereitet sich auf Crowdsale vor (prnewswire.com)
- THine Announces Yamaichi Electronics’ Development of Flexible Printed Circuit (FPC) Cable for THine’s Next-Generation High-Speed Interface Specification, V-by-One® US (markets.financialcontent.com)
- Top Segments of the Global Human Machine Interface Training Courses Market| Technavio (markets.financialcontent.com)
- Interface, Inc. (TILE) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Global Human Machine Interface Market – Expected to Reach USD 6.1 Billion by 2022 – Research and Markets (markets.financialcontent.com)
A number of brokerages have recently issued reports on TILE. Nomura increased their price objective on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of Interface in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Interface has an average rating of “Hold” and a consensus price target of $23.50.
Shares of Interface (NASDAQ:TILE) opened at $24.70 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.51 and a quick ratio of 1.40. The stock has a market cap of $1,512.30, a price-to-earnings ratio of 22.02 and a beta of 1.35. Interface has a 52 week low of $17.17 and a 52 week high of $25.70.
Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $257.43 million during the quarter, compared to analysts’ expectations of $255.63 million. Interface had a net margin of 5.53% and a return on equity of 21.39%. The company’s revenue for the quarter 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. research analysts anticipate that Interface will post 1.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.05%. Interface’s dividend payout ratio (DPR) is presently 30.59%.
In related news, Director Daniel T. Hendrix sold 6,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $21.79, for a total transaction of $130,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel T. Hendrix sold 5,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 84,000 shares of company stock valued at $1,855,520. Corporate insiders own 1.90% of the company’s stock.
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.
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