Tile Shop (NASDAQ:TTS) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Tile Shop to post earnings of $0.08 per share for the quarter.
Tile Shop (NASDAQ:TTS) last issued its quarterly earnings data on Tuesday, February 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $83.90 million during the quarter, compared to analysts’ expectations of $84.04 million. Tile Shop had a net margin of 2.92% and a return on equity of 7.07%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, analysts expect Tile Shop to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Tile Shop stock opened at $5.64 on Monday. The company has a market capitalization of $298.48 million, a PE ratio of 28.20, a P/E/G ratio of 0.92 and a beta of 1.86. Tile Shop has a 1 year low of $5.24 and a 1 year high of $9.50. The company has a current ratio of 2.58, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37.
In other Tile Shop news, Director Peter J. Jacullo III bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were purchased at an average cost of $6.28 per share, with a total value of $188,400.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have purchased 80,000 shares of company stock worth $487,400. 25.90% of the stock is owned by insiders.
A hedge fund recently raised its stake in Tile Shop stock. Geode Capital Management LLC boosted its stake in shares of Tile Shop Holdings Inc (NASDAQ:TTS) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,747 shares of the company’s stock after purchasing an additional 36,980 shares during the quarter. Geode Capital Management LLC owned approximately 0.84% of Tile Shop worth $2,426,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.15% of the company’s stock.
A number of analysts have issued reports on TTS shares. BidaskClub lowered Tile Shop from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. ValuEngine upgraded Tile Shop from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research downgraded Tile Shop from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $6.00 price objective on shares of Tile Shop in a report on Sunday, January 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.50.
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About Tile Shop
Tile Shop Holdings, Inc operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 6,000 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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