Container Store Group (TCS) Issues Earnings Results, Beats Expectations By $0.03 EPS
Container Store Group (NYSE:TCS) announced its quarterly earnings data on Tuesday. The specialty retailer reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Briefing.com reports. Container Store Group had a net margin of 0.62% and a return on equity of 5.21%. The company had revenue of $253.20 million during the quarter, compared to analyst estimates of $243.20 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Container Store Group updated its FY 2019 guidance to $0.41-0.51 EPS and its FY20 guidance to $0.41-0.51 EPS.
NYSE TCS traded down $0.64 on Wednesday, hitting $7.88. 92,697 shares of the company’s stock traded hands, compared to its average volume of 245,007. The company has a current ratio of 1.37, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18. Container Store Group has a 1-year low of $4.21 and a 1-year high of $12.42. The stock has a market cap of $416.73 million, a price-to-earnings ratio of 28.32 and a beta of 2.37.
An institutional investor recently raised its position in Container Store Group stock. Geode Capital Management LLC raised its holdings in shares of Container Store Group Inc (NYSE:TCS) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,947 shares of the specialty retailer’s stock after acquiring an additional 6,761 shares during the period. Geode Capital Management LLC owned approximately 0.33% of Container Store Group worth $767,000 at the end of the most recent quarter. 78.74% of the stock is currently owned by institutional investors and hedge funds.
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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 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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