CSS Industries (CSS) Announces Quarterly Earnings Results, Misses Estimates By $0.87 EPS

CSS Industries (NYSE:CSS) issued its earnings results on Thursday. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.87), Zacks reports. The company had revenue of $133.23 million for the quarter, compared to the consensus estimate of $138.30 million. CSS Industries had a negative return on equity of 0.04% and a negative net margin of 14.35%. CSS Industries updated its FY 2019 guidance to EPS.

NYSE CSS traded down $2.35 on Friday, hitting $6.88. 441,020 shares of the company were exchanged, compared to its average volume of 48,153. The firm has a market cap of $81.59 million, a PE ratio of 6.25, a P/E/G ratio of 4.86 and a beta of 0.73. CSS Industries has a 12 month low of $6.44 and a 12 month high of $22.73. The company has a quick ratio of 1.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.18.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.63%. The ex-dividend date of this dividend is Thursday, February 28th. CSS Industries’s dividend payout ratio is presently 72.73%.

Several research analysts recently issued reports on the stock. ValuEngine raised shares of CSS Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, November 13th. Zacks Investment Research raised shares of CSS Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th.

In related news, Director Rebecca C. Matthias bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $11.00 per share, with a total value of $110,000.00. Following the completion of the purchase, the director now directly owns 101,517 shares in the company, valued at $1,116,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2019/02/08/css-industries-css-announces-quarterly-earnings-results-misses-estimates-by-0-87-eps.html.

CSS Industries Company Profile

CSS Industries, Inc, a consumer products company, designs, manufactures, procures, distributes, and sells seasonal, gift, and craft products principally to mass market retailers in the United States and Canada. Its craft and gift consumer products include craft ribbons and bows, trims, buttons, sewing patterns, knitting needles, needle arts, kids' crafts, infant products, journals, gift card holders, all occasion boxed greeting cards, memory books, scrapbooks, stationery, stickers, and other gift and craft items, as well as floral accessories, including pot covers, foil, waxed tissue, shred, aisle runners, corsage bags, and other paper and film products.

Featured Story: How to calculate compound interest

Earnings History for CSS Industries (NYSE:CSS)

Receive News & Ratings for CSS Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSS Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply