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James Poppens, Vice President at Interface Inc (NASDAQ:TILE), a $1.18 billion market cap company trading at a P/E ratio of 13.69, recently sold a significant portion of the company’s common stock, according to a filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company currently shows signs of being undervalued. On May 29, Poppens sold 19,474 shares at prices ranging from $20.10 to $20.28 per share, resulting in a weighted average price of $20.1371. The following day, he sold an additional 526 shares at prices between $20.10 and $20.16, with a weighted average price of $20.118.
The total value of these transactions amounted to $402,731. Following these sales, Poppens holds 129,616 shares of Interface Inc, though a substantial number of these shares are unvested performance shares and restricted stock units subject to potential forfeiture.
In other recent news, Interface Inc. reported its first-quarter 2025 earnings, revealing a slight beat on earnings per share (EPS) but a minor miss on revenue estimates. The company achieved an EPS of $0.25, surpassing the forecast of $0.23, while revenue reached $297 million, just below the expected $297.11 million. The earnings report highlighted a 2.6% year-over-year increase in net sales, driven by strong performance in the education and healthcare segments, despite a decline in the corporate office market. Interface’s adjusted gross profit margin stood at 37.7%, reflecting some pressure from higher manufacturing and freight costs. The company maintains a solid liquidity position with $397.2 million available and a net debt of $205.1 million. Looking forward, Interface projects Q2 2025 net sales between $355 million and $365 million, with full fiscal 2025 sales forecasted at $1.340 billion to $1.365 billion. Analysts from firms such as Thompson Research Group and Barrington Research have shown interest in Interface’s strategic focus and growth prospects, especially in the context of tariff impacts and global market dynamics. The company continues to emphasize its "One Interface" strategy, aiming for long-term growth through innovation and operational efficiency.
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