For its second fiscal quarter (ending June 30), Interface Inc (NASDAQ: TILE) has reported E.P.S. of $0.39 compared to $0.27 a year ago. For the latest four quarters through June 30, E.P.S. were $1.14 versus $0.08 for the same period a year ago.
Recent Price Action
On 8/2/24, Interface Inc (NASDAQ: TILE) stock enjoyed a large increase of 4.8%, closing at $17.34. Moreover, above average trading volume at 142% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Interface has a slightly negative Appreciation Score of 31 but a very high Power Rating of 96, producing the Positive Value Trend Rating.
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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