Tile Shop Hldgs, Inc. (NASDAQ:TTS) Releases FY17 Earnings Guidance
Tile Shop Hldgs, Inc. (NASDAQ:TTS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.49-0.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55. The company issued revenue guidance of $350-365 million, compared to the consensus revenue estimate of $360.28 million.
Tile Shop Hldgs, Inc. (NASDAQ:TTS) opened at 20.25 on Tuesday. Tile Shop Hldgs, Inc. has a 12 month low of $15.05 and a 12 month high of $22.40. The stock has a market capitalization of $1.05 billion, a PE ratio of 53.29 and a beta of 1.94. The firm has a 50-day moving average price of $20.33 and a 200 day moving average price of $19.62.
Tile Shop Hldgs (NASDAQ:TTS) last announced its earnings results on Tuesday, April 18th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Tile Shop Hldgs had a return on equity of 17.46% and a net margin of 5.95%. The company had revenue of $92.10 million for the quarter, compared to analyst estimates of $89.70 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Tile Shop Hldgs, Inc. will post $0.55 earnings per share for the current year.
TTS has been the topic of a number of research reports. Zacks Investment Research raised Tile Shop Hldgs from a sell rating to a hold rating in a report on Thursday, March 23rd. Stifel Nicolaus reissued a hold rating and issued a $18.00 price objective on shares of Tile Shop Hldgs in a report on Wednesday, April 19th. Citigroup Inc. reissued a neutral rating and issued a $22.00 price objective (up from $19.00) on shares of Tile Shop Hldgs in a report on Saturday, April 22nd. Telsey Advisory Group increased their price objective on Tile Shop Hldgs from $19.00 to $21.00 and gave the company a market perform rating in a report on Tuesday, April 18th. Finally, BidaskClub lowered Tile Shop Hldgs from a buy rating to a hold rating in a report on Wednesday, June 28th. Five analysts have rated the stock with a hold rating, Tile Shop Hldgs currently has a consensus rating of Hold and an average target price of $20.25.
In related news, CEO Chris Homeister sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $20.87, for a total transaction of $104,350.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Nabron International Inc. sold 119,880 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $20.45, for a total value of $2,451,546.00. The disclosure for this sale can be found here. Insiders sold 824,651 shares of company stock worth $16,559,702 over the last three months. Corporate insiders own 24.30% of the company’s stock.
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