CSS Industries (CSS) Issues Earnings Results, Misses Expectations By $0.87 EPS

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

Shares of CSS traded down $2.35 during midday trading on Friday, hitting $6.88. 441,020 shares of the company traded hands, compared to its average volume of 48,153. CSS Industries has a one year low of $6.44 and a one year high of $22.73. The stock 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. 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 declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 11.63%. The ex-dividend date is Thursday, February 28th. CSS Industries’s dividend payout ratio is presently 72.73%.

Several equities research analysts have recently weighed in on CSS shares. ValuEngine cut CSS Industries from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research upgraded CSS Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 8th.

In related news, Director Rebecca C. Matthias purchased 10,000 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were purchased at an average cost of $11.00 per share, for a total transaction of $110,000.00. Following the completion of the transaction, the director now directly owns 101,517 shares in the company, valued at approximately $1,116,687. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.10% of the company’s stock.

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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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Earnings History for CSS Industries (NYSE:CSS)

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