Interface (NASDAQ:TILE) Releases Earnings Results, Beats Estimates By $0.05 EPS

Interface (NASDAQ:TILE) issued its earnings results 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 company had revenue of $335.00 million during 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%. Interface’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Interface updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Interface Stock Performance

TILE stock opened at $18.87 on Wednesday. The firm has a 50-day simple moving average of $23.71 and a two-hundred day simple moving average of $21.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface has a one year low of $13.15 and a one year high of $27.34. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.96 and a beta of 2.10.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TILE shares. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday. StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Monday.

Insider Buying and Selling at Interface

In other news, VP David B. Foshee sold 15,175 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the transaction, the vice president now directly owns 202,398 shares in the company, valued at $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel T. Hendrix sold 18,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 153,147 shares in the company, valued at $4,032,360.51. This trade represents a 10.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,175 shares of company stock worth $1,471,087. 2.60% of the stock is owned by corporate insiders.

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.