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

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

Interface Stock Performance

NASDAQ:TILE opened at $21.31 on Tuesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth 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 52 week low of $13.15 and a 52 week high of $27.34. The company has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $21.91.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total transaction of $473,940.00. Following the sale, the director now directly owns 153,147 shares in the company, valued at approximately $4,032,360.51. This represents a 10.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David B. Foshee sold 15,175 shares of Interface stock in a transaction that occurred 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 completion of 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 disclosure for this sale can be found here. Over the last three months, insiders sold 58,175 shares of company stock worth $1,471,087. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

TILE has been the topic of several research analyst reports. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a report on Monday. Barrington Research reiterated an “outperform” rating and set a $30.00 price target on shares of Interface in a research note on Tuesday, January 28th.

Interface Company Profile

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.