Container Store Group (NYSE:TCS) posted its earnings results on Tuesday. The specialty retailer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02, Briefing.com reports. The firm had revenue of $209.50 million during the quarter, compared to the consensus estimate of $204.95 million. Container Store Group had a net margin of 2.42% and a return on equity of 8.23%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. Container Store Group updated its FY 2019 guidance to $0.41-0.51 EPS and its FY20 guidance to $0.41-0.51 EPS.
Shares of NYSE:TCS traded down $0.43 during trading on Wednesday, hitting $6.11. The company’s stock had a trading volume of 545,929 shares, compared to its average volume of 288,434. The company has a 50-day simple moving average of $7.09. Container Store Group has a 12 month low of $4.21 and a 12 month high of $12.42. The company has a current ratio of 1.16, a quick ratio of 0.39 and a debt-to-equity ratio of 0.96. The firm has a market cap of $297.84 million, a price-to-earnings ratio of 14.55 and a beta of 2.31.
TCS has been the subject of several recent research reports. Barclays reiterated a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. TheStreet upgraded shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Finally, Goldman Sachs Group upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has an average rating of “Sell” and a consensus target price of $8.06.
The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates in two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including closets, collections, and hooks, as well as bath, kitchen, laundry, gift packaging, long-term storage, office, shelving, storage, trash, travel, and elfa branded products.
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