Interface Inc. (TILE) Testing Investors’ Patience Right Now

Currently, there are 58.11M common shares owned by the public and among those 56.41M shares have been available to trade.

The company’s stock has a 5-day price change of 0.32% and 17.19% over the past three months. TILE shares are trading 49.60% year to date (YTD), with the 12-month market performance up to 84.20% higher. It has a 12-month low price of $8.26 and touched a high of $19.15 over the same period. TILE has an average intraday trading volume of 459.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.52%, 15.37%, and 29.93% respectively.

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Institutional ownership of Interface Inc. (NASDAQ: TILE) shares accounts for 95.76% of the company’s 58.11M shares outstanding.

It has a market capitalization of $1.10B and a beta (3y monthly) value of 1.98. The stock’s trailing 12-month PE ratio is 16.82, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 0.51 and a Quick Ratio of 1.45 with the debt-to-equity ratio at 1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.87% over the week and 3.71% over the month.

Analysts forecast that Interface Inc. (TILE) will achieve an EPS of 0.34 for the current quarter, 0.3 for the next quarter and 1.42 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.33 while analysts give the company a high EPS estimate of 0.33. Comparatively, EPS for the current quarter was 0.28 a year ago. Earnings per share for the fiscal year are expected to increase by 28.33%, and 10.91% over the next financial year. EPS should grow at an annualized rate of 33.10% over the next five years, compared to -2.24% over the past 5-year period.

Looking at the support for the TILE, a number of firms have released research notes about the stock. Barrington Research stated their Outperform rating for the stock in a research note on April 15, 2024, with the firm’s price target at $20. Longbow coverage for the Interface Inc. (TILE) stock in a research note released on March 01, 2023 offered a Buy rating with a price target of $18. Truist was of a view on February 22, 2023 that the stock is Hold, while Raymond James gave the stock Outperform rating on November 08, 2021, issuing a price target of $19. Raymond James on their part issued Mkt Perform rating on February 27, 2020.

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