Container Store (The) (TCS) to Release Earnings on Wednesday

Container Store (The) (NYSE:TCS) is set to post its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Container Store (The) to post earnings of ($0.09) per share for the quarter. Container Store (The) has set its FY17 guidance at $0.25-0.35 EPS.

Container Store (The) (NYSE:TCS) last released its quarterly earnings data on Tuesday, May 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.08. Container Store (The) had a net margin of 1.82% and a return on equity of 6.00%. The firm had revenue of $221 million during the quarter, compared to analysts’ expectations of $212.98 million. During the same period in the previous year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect Container Store (The) to post $0.31 EPS for the current fiscal year and $0.41 EPS for the next fiscal year.

Container Store (TCS) traded down 0.93% during trading on Thursday, reaching $5.33. 86,386 shares of the company’s stock were exchanged. The firm has a market cap of $257.39 million, a price-to-earnings ratio of 17.19 and a beta of 1.59. Container Store has a 12 month low of $3.75 and a 12 month high of $8.34. The firm’s 50-day moving average price is $5.66 and its 200-day moving average price is $4.76.

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TCS has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Container Store (The) from a “hold” rating to a “sell” rating in a research note on Saturday, April 1st. Barclays PLC upped their price objective on Container Store (The) from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 24th. Morgan Stanley upped their price objective on Container Store (The) from $3.50 to $4.00 and gave the company an “underweight” rating in a research note on Wednesday, June 21st. BidaskClub downgraded Container Store (The) from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, Jefferies Group LLC increased their price target on Container Store (The) from $4.50 to $5.25 and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Container Store (The) has a consensus rating of “Hold” and a consensus price target of $5.65.

About Container Store (The)

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.