Interface Inc (NASDAQ: TILE) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.34 versus a loss $-0.42 for the same period a year ago. This result exceeded the consensus estimate of $0.22 by $0.12. For the latest four quarters through December 31, E.P.S. were $0.77 compared to $0.33 a year ago — an increase of 133%.
Recent Price Action
Interface Inc (NASDAQ: TILE) stock enjoyed a major increase of 14.1% on 2/27/24. The shares closed at $15.18. Moreover, this advance was accompanied by exceptionally high trading volume at 303% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 12.9% 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 a Value Builder.
Interface has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Interface has a slightly negative Appreciation Score of 37 but a very high Power Rating of 89, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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