Equities research analysts expect that Container Store Group Inc (NYSE:TCS) will post sales of $192.15 million for the current quarter, Zacks reports. Two analysts have issued estimates for Container Store Group’s earnings. The lowest sales estimate is $190.20 million and the highest is $194.10 million. Container Store Group posted sales of $183.07 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The business is expected to announce its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Container Store Group will report full year sales of $884.34 million for the current financial year, with estimates ranging from $880.37 million to $888.30 million. For the next financial year, analysts forecast that the company will post sales of $902.24 million per share, with estimates ranging from $893.87 million to $910.60 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Container Store Group.
Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, May 22nd. The specialty retailer reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.05). The business had revenue of $232.80 million for the quarter, compared to analyst estimates of $230.03 million. Container Store Group had a return on equity of 5.77% and a net margin of 2.27%. The firm’s revenue was up 5.3% on a year-over-year basis.
Separately, Zacks Investment Research cut Container Store Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 29th.
Container Store Group opened at $8.22 on Wednesday, MarketBeat reports. The stock has a market cap of $403.28 million, a price-to-earnings ratio of 29.36, a PEG ratio of 1.16 and a beta of 1.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.22 and a quick ratio of 0.45. Container Store Group has a 1 year low of $3.53 and a 1 year high of $8.56.
A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Container Store Group during the 1st quarter worth about $229,000. GSA Capital Partners LLP increased its holdings in Container Store Group by 18.5% during the 1st quarter. GSA Capital Partners LLP now owns 175,290 shares of the specialty retailer’s stock worth $954,000 after purchasing an additional 27,400 shares in the last quarter. LSV Asset Management increased its holdings in Container Store Group by 925.2% during the 1st quarter. LSV Asset Management now owns 485,952 shares of the specialty retailer’s stock worth $2,643,000 after purchasing an additional 438,552 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Container Store Group by 16.7% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 122,120 shares of the specialty retailer’s stock worth $579,000 after purchasing an additional 17,450 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Container Store Group by 207.2% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.
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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