Wall Street brokerages predict that Tile Shop Holdings Inc (NASDAQ:TTS) will post earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Tile Shop’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.10. Tile Shop also reported earnings per share of $0.08 in the same quarter last year. The company is expected to issue its next quarterly earnings results on Thursday, April 18th.
On average, analysts expect that Tile Shop will report full year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.21 to $0.27. For the next financial year, analysts anticipate that the firm will post earnings of $0.28 per share, with EPS estimates ranging from $0.26 to $0.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Tile Shop.
Tile Shop (NASDAQ:TTS) last announced its quarterly earnings data on Tuesday, February 19th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $83.90 million during the quarter, compared to the consensus estimate of $84.04 million. Tile Shop had a return on equity of 7.07% and a net margin of 2.92%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share.
A number of equities research analysts recently commented on TTS shares. Robert W. Baird reiterated a “hold” rating and set a $6.00 price target on shares of Tile Shop in a report on Sunday, January 6th. ValuEngine downgraded shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. BidaskClub raised shares of Tile Shop from a “sell” rating to a “hold” rating in a research report on Saturday, December 22nd. Finally, Zacks Investment Research downgraded shares of Tile Shop from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.50.
Shares of TTS remained flat at $$6.07 during mid-day trading on Friday. 292,560 shares of the stock were exchanged, compared to its average volume of 401,795. The company has a market cap of $327.05 million, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.01 and a beta of 1.88. The company has a current ratio of 2.58, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. Tile Shop has a 1 year low of $5.20 and a 1 year high of $9.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, March 4th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 1st. Tile Shop’s dividend payout ratio is presently 100.00%.
In other Tile Shop news, Director Peter J. Jacullo III bought 20,000 shares of Tile Shop stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $5.92 per share, with a total value of $118,400.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 80,000 shares of company stock worth $487,400 over the last ninety days. Insiders own 25.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in shares of Tile Shop by 6,798.5% in the 4th quarter. Citigroup Inc. now owns 4,622 shares of the company’s stock worth $25,000 after buying an additional 4,555 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Tile Shop in the 4th quarter worth about $61,000. Accredited Investors Inc. bought a new position in Tile Shop in the 4th quarter worth about $65,000. State of Alaska Department of Revenue boosted its stake in Tile Shop by 14.6% in the 4th quarter. State of Alaska Department of Revenue now owns 13,015 shares of the company’s stock worth $71,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Tile Shop by 352.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,193 shares of the company’s stock worth $78,000 after purchasing an additional 11,054 shares in the last quarter. 63.36% of the stock is currently owned by hedge funds and other institutional investors.
Tile Shop Company Profile
Tile Shop Holdings, Inc operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,000 products, including marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands.
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