Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Interface (TILE) Share Price
News stories about Interface (NASDAQ:TILE) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Interface earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 45.2734942058663 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Windows 10 UK review: Fall Creators Update will enhance user privacy (channelpro.co.uk)
- Interface, Inc. (TILE) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Interface, Inc. breached its 50 day moving average in a Bullish Manner : TILE-US : September 11, 2017 (finance.yahoo.com)
- Interface, Inc. : TILE-US: Dividend Analysis : August 11th, 2017 (record date) : By the numbers : September 12, 2017 (finance.yahoo.com)
- Interface Expands Modular Resilient Flooring Portfolio with New LVT Options (finance.yahoo.com)
TILE has been the subject of a number of research analyst reports. BidaskClub downgraded Interface from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 target price on shares of Interface in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.00.
Shares of Interface (NASDAQ TILE) traded up 0.74% during midday trading on Friday, reaching $20.30. The company’s stock had a trading volume of 856,500 shares. The company has a market capitalization of $1.25 billion, a P/E ratio of 26.13 and a beta of 1.19. The company’s 50-day moving average price is $19.15 and its 200 day moving average price is $19.33. Interface has a 12-month low of $14.59 and a 12-month high of $21.05.
Interface (NASDAQ:TILE) last released its earnings results on Wednesday, July 26th. The textile maker reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The company had revenue of $251.70 million during the quarter, compared to analysts’ expectations of $254.94 million. Interface had a return on equity of 19.66% and a net margin of 5.21%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. On average, equities research analysts forecast that Interface will post $1.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, August 9th. This is a positive change from Interface’s previous quarterly dividend of $0.06. Interface’s dividend payout ratio (DPR) is 33.33%.
In related news, VP Stansfield Nigel sold 8,450 shares of Interface stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $19.26, for a total value of $162,747.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel T. Hendrix sold 6,000 shares of Interface stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.11, for a total value of $114,660.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,450 shares of company stock valued at $391,107. 1.90% of the stock is owned by corporate insiders.
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Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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