Container Store Group (TCS) Posts Earnings Results, Misses Estimates By $0.02 EPS

Container Store Group (NYSE:TCS) posted its quarterly earnings data on Tuesday. The specialty retailer reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02), Bloomberg Earnings reports. Container Store Group had a net margin of 3.34% and a return on equity of 6.11%. The company had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $227.58 million. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Container Store Group updated its FY18 guidance to $0.31-$0.37 EPS.

Container Store Group (NYSE TCS) opened at $4.73 on Thursday. Container Store Group has a 12-month low of $3.53 and a 12-month high of $6.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 1.26. The firm has a market capitalization of $229.41, a PE ratio of 16.38, a PEG ratio of 1.88 and a beta of 1.83.

An institutional investor recently raised its position in Container Store Group stock. State Street Corp grew its stake in shares of Container Store Group Inc (NYSE:TCS) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,896 shares of the specialty retailer’s stock after buying an additional 3,617 shares during the period. State Street Corp owned 0.53% of Container Store Group worth $1,516,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 76.97% of the company’s stock.

Separately, Zacks Investment Research cut Container Store Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Container Store Group has an average rating of “Hold” and an average price target of $5.13.

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About Container Store Group

The Container Store Group, Inc is a specialty retailer of storage and organization products. The Company’s segments include The Container Store (TCS), Elfa and Corporate/Other. The Company’s TCS segment consists of its retail stores, Website and call center, as well as its installation and organizational services business.

Earnings History for Container Store Group (NYSE:TCS)

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