Does Earnings Surprise History Hold Any Clue for Interface (NASDAQ:TILE)

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Earnings results for Interface (NASDAQ:TILE)

Interface, Inc. is expected* to report earnings on 11/06/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.22. The reported EPS for the same quarter last year was $0.47.

Interface last announced its earnings data on August 7th, 2020. The textile maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.20. The business earned $259.20 million during the quarter, compared to analyst estimates of $251.70 million. Its revenue for the quarter was down 27.5% on a year-over-year basis. Interface has generated $1.59 earnings per share over the last year. Interface has confirmed that its next quarterly earnings report will be published on Friday, November 6th, 2020.

Analyst Opinion on Interface (NASDAQ:TILE)

6 Wall Street analysts have issued ratings and price targets for Interface in the last 12 months. Their average twelve-month price target is $14.80, predicting that the stock has a possible upside of 114.49%. The high price target for TILE is $18.00 and the low price target for TILE is $11.00. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Interface has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $14.80, Interface has a forecasted upside of 114.5% from its current price of $6.90. Interface has received no research coverage in the past 90 days.

Dividend Strength: Interface (NASDAQ:TILE)

Interface has a dividend yield of 0.60%, which is in the bottom 25% of all stocks that pay dividends. Interface has only been increasing its dividend for 1 years. The dividend payout ratio of Interface is 2.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Interface will have a dividend payout ratio of 3.08% next year. This indicates that Interface will be able to sustain or increase its dividend.

Insiders buying/selling: Interface (NASDAQ:TILE)

In the past three months, Interface insiders have not sold or bought any company stock. Only 1.80% of the stock of Interface is held by insiders. 87.73% of the stock of Interface is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Interface (NASDAQ:TILE

Earnings for Interface are expected to grow by 14.04% in the coming year, from $1.14 to $1.30 per share. The P/E ratio of Interface is -7.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Interface is -7.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Interface has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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