Interface, Inc. (NASDAQ:TILE) Given Price Target Of $26.5


As per Interface, Inc. (NASDAQ:TILE)’s news release on 2016-07-28, its shareholders will get cash dividend of $0.06 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-12 and 2016-08-26, respectively.

The stock will commence trading ex-dividend from 2016-08-10, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Interface, Inc. (NASDAQ:TILE) disbursed $0.06 in dividend compared to distribution of $0.06, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 28.5714%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Interface, Inc. (NASDAQ:TILE) to attain a price target of $26.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $31. The low price range is set at $22 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings Interface, Inc. (NASDAQ:TILE) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.32 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Interface, Inc. (NASDAQ:TILE) earnings came at $0.32 suggesting a deviation of $0.04. The brokerages targeted EPS of $0.28 for the quarter.

Shares of the Interface, Inc. (NASDAQ:TILE) traded in the range of $16.98 to $17.22 and closed the last trading session at $16.98 on a volume of ((Volume:238}}.

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