The Container Store Group (NYSE:TCS – Get Free Report) released its quarterly earnings data on Tuesday. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08), Yahoo Finance reports. The Container Store Group had a negative net margin of 12.18% and a negative return on equity of 7.40%. The firm had revenue of $181.86 million for the quarter, compared to the consensus estimate of $190.01 million. During the same quarter in the prior year, the firm posted ($0.21) earnings per share.
The Container Store Group Price Performance
Shares of TCS stock traded down $0.29 during trading hours on Wednesday, hitting $0.86. The company had a trading volume of 981,509 shares, compared to its average volume of 789,260. The Container Store Group has a 12 month low of $0.50 and a 12 month high of $2.72. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.37 and a current ratio of 1.19. The firm’s fifty day moving average is $0.66 and its 200 day moving average is $0.96. The firm has a market capitalization of $44.41 million, a price-to-earnings ratio of -0.47 and a beta of 1.07.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group reduced their price objective on shares of The Container Store Group from $2.00 to $1.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th.
About The Container Store Group
The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.
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