Interface, Inc. (TILE) To Go Ex-Dividend on March 27th

Interface, Inc. (NASDAQ:TILEGet Free Report) announced a quarterly dividend on Tuesday, March 12th, Zacks reports. Shareholders of record on Friday, March 29th will be given a dividend of 0.01 per share by the textile maker on Friday, April 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, March 27th.

Interface has decreased its dividend payment by an average of 25.1% annually over the last three years. Interface has a dividend payout ratio of 3.0% indicating that its dividend is sufficiently covered by earnings.

Interface Price Performance

NASDAQ:TILE opened at $17.20 on Monday. Interface has a 52 week low of $6.51 and a 52 week high of $18.47. The company has a quick ratio of 1.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.00 billion, a P/E ratio of 22.63 and a beta of 1.98. The stock’s fifty day moving average is $13.84 and its two-hundred day moving average is $11.61.

Interface (NASDAQ:TILEGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The textile maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.19. Interface had a return on equity of 14.95% and a net margin of 3.53%. The business had revenue of $325.10 million during the quarter, compared to analysts’ expectations of $320.16 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Interface will post 1.02 EPS for the current year.

Institutional Trading of Interface

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its holdings in Interface by 228.8% in the 1st quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,812 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Interface by 407.7% in the second quarter. PNC Financial Services Group Inc. now owns 4,899 shares of the textile maker’s stock valued at $43,000 after buying an additional 3,934 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Interface in the second quarter valued at about $50,000. Lazard Asset Management LLC bought a new stake in Interface in the fourth quarter valued at about $61,000. Finally, ExodusPoint Capital Management LP bought a new stake in Interface in the first quarter valued at about $87,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on TILE shares. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 30th. TheStreet upgraded Interface from a “c” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, Truist Financial upped their price target on Interface from $10.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th.

Get Our Latest Analysis on TILE

Interface Company Profile

(Get Free Report)

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.

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Dividend History for Interface (NASDAQ:TILE)

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