Container Store Group (NYSE:TCS) announced its quarterly earnings data on Tuesday. The specialty retailer reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $224.45 million during the quarter, compared to the consensus estimate of $225.08 million. Container Store Group had a net margin of 2.34% and a return on equity of 6.28%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share.
TCS traded down $4.10 during mid-day trading on Wednesday, reaching $5.96. The stock had a trading volume of 3,115,986 shares, compared to its average volume of 246,843. The firm has a market capitalization of $467.48 million, a price-to-earnings ratio of 21.27 and a beta of 1.74. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 1.24. Container Store Group has a 52 week low of $3.53 and a 52 week high of $12.42.
A number of research analysts have commented on the company. 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. TheStreet upgraded Container Store Group from a “d+” rating to a “c” rating in a research report on Wednesday, October 24th. Finally, 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.
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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