Wall Street analysts predict that Container Store (The) (NYSE:TCS) will post earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Container Store (The)’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.01. Container Store (The) posted earnings of $0.07 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 28.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 2nd.

On average, analysts expect that Container Store (The) will report full year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.30 to $0.38. For the next fiscal year, analysts expect that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.38 to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Container Store (The).

Container Store (The) (NYSE:TCS) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported ($0.11) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). The firm had revenue of $183.10 million for the quarter, compared to analysts’ expectations of $183.27 million. Container Store (The) had a return on equity of 5.34% and a net margin of 1.13%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS.

TCS has been the subject of a number of research reports. Morgan Stanley raised 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. Jefferies Group LLC raised their price objective on Container Store (The) from $4.50 to $5.25 and gave the company a “hold” rating in a research note on Wednesday, May 24th. BidaskClub cut Container Store (The) from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Barclays PLC raised 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. Finally, Zacks Investment Research raised Container Store (The) from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.65.

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Container Store (NYSE:TCS) traded down 2.13% during midday trading on Monday, reaching $4.60. The company’s stock had a trading volume of 269,180 shares. The firm has a market cap of $221.02 million, a P/E ratio of 24.21 and a beta of 1.57. Container Store has a 52-week low of $3.75 and a 52-week high of $8.34. The firm has a 50 day moving average of $5.63 and a 200 day moving average of $4.74.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Container Store (The) during the second quarter worth approximately $105,000. Blair William & Co. IL raised its stake in shares of Container Store (The) by 4.0% in the second quarter. Blair William & Co. IL now owns 21,225 shares of the specialty retailer’s stock worth $126,000 after buying an additional 825 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Container Store (The) by 8.7% in the first quarter. Tudor Investment Corp ET AL now owns 26,195 shares of the specialty retailer’s stock worth $111,000 after buying an additional 2,104 shares during the period. Teachers Advisors LLC raised its stake in shares of Container Store (The) by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 27,240 shares of the specialty retailer’s stock worth $173,000 after buying an additional 629 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Container Store (The) by 10.6% in the first quarter. Bank of America Corp DE now owns 36,038 shares of the specialty retailer’s stock worth $152,000 after buying an additional 3,446 shares during the period. Institutional investors and hedge funds own 78.67% of the company’s stock.

Container Store (The) Company Profile

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.

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Earnings History and Estimates for Container Store (The) (NYSE:TCS)

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