For its first fiscal quarter (ending March 31), Interface Inc (NASDAQ: TILE) has reported E.P.S. of $0.24 compared to $-0.01 a year ago. For the latest four quarters through March 31, E.P.S. were $1.02 versus $0.09 for the same period a year ago — an increase of 1033%.
Recent Price Action
Interface Inc (NASDAQ: TILE) stock enjoyed a very large increase of 9.6% on 5/3/24. The shares closed at $17.39. Moreover, this advance was accompanied by unusually high trading volume at 161% of normal. The stock has risen 13.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TILE is expected to continue to be an important Value Builder.
Interface has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Interface has a poor Appreciation Score of 28 but a very high Power Rating of 99, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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