Analysts expect that Tile Shop Hldgs, Inc. (NASDAQ:TTS) will report earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Tile Shop Hldgs’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. Tile Shop Hldgs reported earnings of $0.07 per share in the same quarter last year, which would suggest a negative year over year growth rate of 28.6%. The firm is scheduled to announce its next earnings results on Tuesday, February 13th.
On average, analysts expect that Tile Shop Hldgs will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.42. For the next fiscal year, analysts forecast that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.36 to $0.40. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Tile Shop Hldgs.
Tile Shop Hldgs (NASDAQ:TTS) last posted its earnings results on Tuesday, October 17th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Tile Shop Hldgs had a return on equity of 15.40% and a net margin of 5.38%. The firm had revenue of $84.40 million for the quarter, compared to the consensus estimate of $84.05 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis.
Several research firms recently weighed in on TTS. BidaskClub upgraded Tile Shop Hldgs from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded Tile Shop Hldgs from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies downgraded Tile Shop Hldgs from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $16.00 to $14.00 in a research note on Wednesday, September 27th. Telsey Advisory Group downgraded Tile Shop Hldgs from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $7.00 in a research note on Tuesday, October 3rd. Finally, CJS Securities downgraded Tile Shop Hldgs from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.92.
Tile Shop Hldgs (NASDAQ TTS) opened at $8.65 on Monday. Tile Shop Hldgs has a twelve month low of $8.08 and a twelve month high of $22.40. The company has a current ratio of 1.55, a quick ratio of 0.39 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $451.17, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 0.85 and a beta of 1.74.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.20 annualized dividend and a dividend yield of 2.31%. Tile Shop Hldgs’s payout ratio is currently 55.56%.
In other Tile Shop Hldgs news, CFO Kirk Geadelmann acquired 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were acquired at an average cost of $8.75 per share, with a total value of $43,750.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter J. Jacullo III acquired 48,767 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was acquired at an average cost of $8.53 per share, for a total transaction of $415,982.51. Following the completion of the transaction, the director now directly owns 490,075 shares in the company, valued at approximately $4,180,339.75. The disclosure for this purchase can be found here. Insiders purchased a total of 80,967 shares of company stock worth $692,907 over the last ninety days. 24.30% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in TTS. Geode Capital Management LLC lifted its position in Tile Shop Hldgs by 8.4% in the 1st quarter. Geode Capital Management LLC now owns 285,060 shares of the company’s stock valued at $5,487,000 after acquiring an additional 22,140 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Tile Shop Hldgs by 31.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 622,803 shares of the company’s stock valued at $11,988,000 after acquiring an additional 149,314 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Tile Shop Hldgs by 5.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 121,055 shares of the company’s stock valued at $2,331,000 after acquiring an additional 5,814 shares in the last quarter. State Street Corp lifted its position in Tile Shop Hldgs by 6.7% in the 1st quarter. State Street Corp now owns 749,255 shares of the company’s stock valued at $14,422,000 after acquiring an additional 47,340 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Tile Shop Hldgs by 7.7% in the 2nd quarter. Bank of Montreal Can now owns 5,814 shares of the company’s stock valued at $120,000 after acquiring an additional 416 shares in the last quarter. 65.90% of the stock is currently owned by institutional investors and hedge funds.
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Tile Shop Hldgs 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 ceramic, porcelain, glass, cement, wood look, and metal tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx tiles primarily under the Rush River and Fired Earth brand names.
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