Container Store Group Inc Expected to Post FY2018 Earnings of $0.33 Per Share (TCS)
Container Store Group Inc (NYSE:TCS) – Equities research analysts at Jefferies Group decreased their FY2018 EPS estimates for shares of Container Store Group in a research note issued on Tuesday. Jefferies Group analyst D. Binder now anticipates that the specialty retailer will earn $0.33 per share for the year, down from their previous forecast of $0.35. Jefferies Group also issued estimates for Container Store Group’s FY2019 earnings at $0.45 EPS, FY2020 earnings at $0.49 EPS, FY2021 earnings at $0.49 EPS and FY2022 earnings at $0.49 EPS.
Separately, Zacks Investment Research cut shares of Container Store Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and an average price target of $5.13.
Container Store Group (NYSE:TCS) last posted its quarterly earnings results on Tuesday, February 6th. The specialty retailer reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Container Store Group had a net margin of 3.34% and a return on equity of 5.91%. The business had revenue of $223.00 million during the quarter, compared to analysts’ expectations of $227.58 million. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC bought a new stake in shares of Container Store Group in the 2nd quarter valued at approximately $160,000. Strs Ohio bought a new stake in Container Store Group during the third quarter valued at $187,000. LSV Asset Management bought a new stake in Container Store Group during the fourth quarter valued at $224,000. Tudor Investment Corp ET AL boosted its stake in Container Store Group by 49.2% during the second quarter. Tudor Investment Corp ET AL now owns 39,096 shares of the specialty retailer’s stock valued at $231,000 after buying an additional 12,901 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in Container Store Group during the third quarter valued at $232,000. 76.97% of the stock is currently owned by institutional investors.
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Container Store Group Company Profile
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.
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