The Container Store Group (NYSE:TCS) Releases Earnings Results, Misses Estimates By $0.08 EPS

Posted by Editorial Team on Aug 8th, 2024

The Container Store Group (NYSE:TCS – Get Free Report) issued its quarterly earnings results 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 company had revenue of $181.86 million during the quarter, compared to the consensus estimate of $190.01 million. The Container Store Group had a negative return on equity of 7.40% and a negative net margin of 12.18%. During the same quarter in the prior year, the business earned ($0.21) earnings per share.

The Container Store Group Trading Up 1.3 %

TCS traded up $0.01 during trading on Thursday, reaching $0.87. The company had a trading volume of 176,155 shares, compared to its average volume of 785,297. The stock has a market cap of $45.01 million, a P/E ratio of -0.46 and a beta of 1.07. The business has a 50 day simple moving average of $0.66 and a 200-day simple moving average of $0.96. The Container Store Group has a 52 week low of $0.50 and a 52 week high of $2.72. The company has a quick ratio of 0.37, a current ratio of 1.19 and a debt-to-equity ratio of 1.09.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered their price target on The Container Store Group from $2.00 to $1.00 and set a “neutral” rating for the company in a research report on Tuesday, May 28th.

Read Our Latest Stock Report on The Container Store Group

The Container Store Group Company Profile

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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.