Interface (NASDAQ:TILE) Announces Earnings Results

Interface (NASDAQ:TILE) released its quarterly earnings data 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. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Interface updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Interface Stock Down 1.1 %

Shares of TILE traded down $0.22 during trading hours on Thursday, reaching $19.61. 153,515 shares of the stock traded hands, compared to its average volume of 448,939. Interface has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.96 and a beta of 2.10. The stock has a fifty day simple moving average of $23.61 and a 200 day simple moving average of $21.91. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

TILE has been the topic of a number of analyst reports. StockNews.com upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Monday. Barrington Research reissued an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday.

Insider Buying and Selling at Interface

In related news, VP David B. Foshee sold 15,175 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the transaction, the vice president now directly owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. The trade was a 6.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel T. Hendrix sold 18,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total transaction of $473,940.00. Following the transaction, the director now owns 153,147 shares of the company’s stock, valued at approximately $4,032,360.51. The trade was a 10.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,175 shares of company stock worth $1,471,087. 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.