Interface (NASDAQ:TILE – Get Free Report) had its price objective hoisted by analysts at Truist Financial from $10.00 to $14.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Truist Financial’s target price would indicate a potential downside of 10.94% from the stock’s previous close.
Separately, StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th.
Get Our Latest Stock Report on Interface
Interface Trading Up 2.0 %
NASDAQ TILE opened at $15.72 on Wednesday. The business’s 50-day moving average price is $12.77 and its two-hundred day moving average price is $10.96. Interface has a 12 month low of $6.51 and a 12 month high of $15.91. The firm has a market capitalization of $913.49 million, a PE ratio of 20.68 and a beta of 1.94. The company has a current ratio of 2.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.96.
Interface (NASDAQ:TILE – Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The textile maker reported $0.41 EPS 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 firm had revenue of $325.10 million for the quarter, compared to analyst estimates of $320.16 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect that Interface will post 0.77 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in Interface by 228.8% during the 1st quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker’s stock worth $35,000 after buying an additional 1,812 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Interface in the second quarter worth approximately $50,000. PNC Financial Services Group Inc. raised its stake in shares of Interface by 407.7% in the second quarter. PNC Financial Services Group Inc. now owns 4,899 shares of the textile maker’s stock worth $43,000 after purchasing an additional 3,934 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Interface in the fourth quarter worth approximately $61,000. Finally, Aristeia Capital LLC purchased a new stake in shares of Interface in the third quarter worth approximately $101,000. 90.29% of the stock is owned by institutional investors and hedge funds.
Interface Company Profile
Interface, Inc designs, produces, and sells modular carpet products primarily in the United States and internationally. 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 and vinyl sheet under the Interface brand; 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.
Further Reading
Receive News & Ratings for Interface Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Interface and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
