Brokerages Expect CSS Industries Inc (NYSE:CSS) to Post $0.48 Earnings Per Share

Shares of CSS Industries Inc (NYSE:CSS) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a 12-month consensus price objective of $4.50 for the company and are expecting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given CSS Industries an industry rank of 193 out of 256 based on the ratings given to its competitors.

Separately, ValuEngine raised CSS Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.

Shares of CSS stock opened at $4.60 on Monday. The company’s 50-day moving average price is $5.06. CSS Industries has a 12 month low of $4.14 and a 12 month high of $15.27. The company has a current ratio of 1.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

CSS Industries (NYSE:CSS) last announced its quarterly earnings results on Thursday, August 1st. The specialty retailer reported ($1.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.72). CSS Industries had a negative net margin of 13.13% and a negative return on equity of 6.98%. The firm had revenue of $57.54 million for the quarter, compared to analyst estimates of $59.40 million. Equities analysts predict that CSS Industries will post 0.56 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of CSS Industries by 112.6% in the second quarter. Vanguard Group Inc. now owns 473,534 shares of the specialty retailer’s stock worth $2,311,000 after acquiring an additional 250,803 shares during the period. Renaissance Technologies LLC lifted its stake in shares of CSS Industries by 15.4% in the second quarter. Renaissance Technologies LLC now owns 272,019 shares of the specialty retailer’s stock worth $1,327,000 after acquiring an additional 36,349 shares during the period. BlackRock Inc. lifted its stake in shares of CSS Industries by 16.5% in the fourth quarter. BlackRock Inc. now owns 229,154 shares of the specialty retailer’s stock worth $2,055,000 after acquiring an additional 32,497 shares during the period. Adirondack Research & Management Inc. lifted its stake in shares of CSS Industries by 5.4% in the first quarter. Adirondack Research & Management Inc. now owns 215,237 shares of the specialty retailer’s stock worth $1,289,000 after acquiring an additional 11,023 shares during the period. Finally, Alambic Investment Management L.P. lifted its stake in shares of CSS Industries by 55.0% in the first quarter. Alambic Investment Management L.P. now owns 76,579 shares of the specialty retailer’s stock worth $459,000 after acquiring an additional 27,164 shares during the period. 62.61% of the stock is currently owned by institutional investors.

About CSS Industries

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.

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Brokerages Expect CSS Industries Inc (NYSE:CSS) to Post $0.48 Earnings Per Share – Tech Know Bits

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