Equities research analysts expect that Container Store Group Inc (NYSE:TCS) will post earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Container Store Group’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.23. Container Store Group reported earnings per share of $0.17 in the same quarter last year, which would suggest a positive year over year growth rate of 41.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 22nd.

According to Zacks, analysts expect that Container Store Group will report full-year earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.36. For the next year, analysts anticipate that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.40 to $0.45. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Container Store Group.

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Container Store Group (NYSE:TCS) last issued its quarterly earnings results on Tuesday, February 6th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $223.00 million for the quarter, compared to analyst estimates of $227.58 million. The firm’s revenue was up 3.0% compared to the same quarter last year.

Separately, Zacks Investment Research raised Container Store Group from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Container Store Group currently has an average rating of “Sell” and a consensus target price of $5.13.

NYSE:TCS opened at $5.77 on Friday. Container Store Group has a 1-year low of $3.53 and a 1-year high of $6.37. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $272.58, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.02 and a beta of 1.48.

A number of large investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan lifted its stake in Container Store Group by 16.7% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 122,120 shares of the specialty retailer’s stock valued at $579,000 after buying an additional 17,450 shares during the period. Millennium Management LLC raised its position in shares of Container Store Group by 207.2% during the fourth quarter. Millennium Management LLC now owns 329,861 shares of the specialty retailer’s stock worth $1,564,000 after purchasing an additional 222,469 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Container Store Group by 18.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 258,615 shares of the specialty retailer’s stock worth $1,226,000 after purchasing an additional 40,434 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Container Store Group during the fourth quarter worth about $472,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Container Store Group during the fourth quarter worth about $177,000. 78.77% of the stock is currently owned by hedge funds and other institutional investors.

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Container Store Group Company Profile

The Container Store Group, Inc engages in the retailing of storage and organization products and solutions in the United States. The company operates through two segments, The Container Store and Elfa. Its retail stores provide various lifestyle products, including bath, box, closets, collections, containers, gift packaging, hooks, kitchen, laundry, office, shelving, storage, trash, and travel, as well as elfa branded products.

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Earnings History and Estimates for Container Store Group (NYSE:TCS)

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