Interface (TILE) Expected to Announce Quarterly Earnings on Tuesday

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

Interface Stock Down 3.5 %

Shares of NASDAQ:TILE opened at $21.48 on Friday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.96 and a beta of 2.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface has a 12-month low of $13.00 and a 12-month high of $27.34. The business’s 50 day moving average is $23.94 and its 200 day moving average is $21.80.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts have weighed in on TILE shares. Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research report on Tuesday, January 28th. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th.

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.