Container Store Group (NYSE:TCS) issued its quarterly earnings data on Tuesday. The specialty retailer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $224.45 million for the quarter, compared to the consensus estimate of $225.08 million. Container Store Group had a return on equity of 6.28% and a net margin of 2.34%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS.
Shares of NYSE TCS traded down $4.10 during trading on Wednesday, reaching $5.96. The company had a trading volume of 3,115,986 shares, compared to its average volume of 246,843. Container Store Group has a 12 month low of $3.53 and a 12 month high of $12.42. The firm has a market capitalization of $467.48 million, a PE ratio of 21.27 and a beta of 1.74. The company has a current ratio of 1.24, a quick ratio of 0.47 and a debt-to-equity ratio of 1.23.
TCS has been the topic of a number of research reports. TheStreet upgraded Container Store Group from a “d+” rating to a “c” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Container Store Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. lowered Container Store Group from a “neutral” rating to an “underweight” rating and set a $6.00 price objective on the stock. in a research report on Wednesday.
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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