Analyst Raises Interface Earnings Estimate
New York NY, Feb. 19, 2013 -- Analyst Stifel Nicolaus said is raising its2013 earnings estimates slightly for Interface.
The firm said Interface's Chinese plant should become profitable, cost cutting efforts in Europe will be in full swing, and the firm should start seeing a profit in its Flor retail business.
Stifel said that it believes "the secular shift to carpet tile is alive and well," it believes Interface's current growth is a sign of share gains from carpet tile.
Stifel raised its estimate from $0.80 per share to $0.82.