Interface, Inc. (NASDAQ:TILE) is reporting third quarter earnings results on Friday 6th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.20 per share.
For the full year, analysts predict revenues of $ 1115.00 million, while looking forward to income of $ 1.14 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.60 ~ $ 1.70 per share
Click Here For More Historical Outlooks Of Interface, Inc.
Previous Quarter Performance
Interface, Inc. recorded income for the second quarter of $ 0.27 per share, from the revenue of $ 259.50 million. The quarterly earnings declined 47.06 percent while revenues fell 27.41 percent compared with the same quarter last year.
Street analysts expected Interface, Inc. to report income of $ 0.06 per share on revenue of $ 251.70 million for the second quarter. The bottom line results beat street analysts by $ 0.21 or 350.00 percent, at the same time, top line results outshined analysts by $ 7.80 million or 3.10 percent.
Stock Performance
Shares of Interface, Inc. traded up $ 0.25 or 3.76 percent on Thursday, reaching $ 6.90 with volume of 296.50 thousand shares. Interface, Inc. has traded high as $ 6.96 and has cracked $ 6.65 on the downward trend
According to the previous trading day, closing price of $ 6.90, representing a 31.42 % increase from the 52 week low of $ 5.06 and a 62.39 % decrease over the 52 week high of $ 17.68.
The company has a market capital of $ 403.98 million and is part of the Consumer Cyclical sector and Textile Manufacturing industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.01 per share on August 18, 2020. The dividend were payable on September 18, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Interface, Inc. will be hosting a conference call at 8:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.interface.com
Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services.
