$0.08 EPS Expected for Tile Shop Holdings, Inc. (TTS) This Quarter

Wall Street analysts expect Tile Shop Holdings, Inc. (NASDAQ:TTS) to report $0.08 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Tile Shop’s earnings, with estimates ranging from $0.05 to $0.12. Tile Shop reported earnings of $0.16 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The firm is expected to issue its next earnings results on Tuesday, April 17th.

According to Zacks, analysts expect that Tile Shop will report full year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.25. For the next year, analysts forecast that the business will post earnings of $0.25 per share, with EPS estimates ranging from $0.20 to $0.28. Zacks’ 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 released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.10). Tile Shop had a net margin of 3.14% and a return on equity of 11.11%. The firm had revenue of $78.58 million for the quarter, compared to the consensus estimate of $84.22 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis.

A number of analysts have weighed in on TTS shares. Zacks Investment Research upgraded Tile Shop from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub upgraded Tile Shop from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Robert W. Baird reissued a “neutral” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Tile Shop in a research note on Thursday, February 22nd. Stifel Nicolaus reduced their price objective on Tile Shop from $10.00 to $6.50 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Finally, Loop Capital reduced their price objective on Tile Shop to $5.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Tile Shop currently has a consensus rating of “Hold” and a consensus target price of $7.09.

In other news, Director Todd Krasnow purchased 20,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $5.55 per share, with a total value of $111,000.00. Following the completion of the purchase, the director now directly owns 518,578 shares of the company’s stock, valued at approximately $2,878,107.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter J. Jacullo III purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average cost of $5.85 per share, for a total transaction of $58,500.00. Following the purchase, the director now directly owns 121,206 shares of the company’s stock, valued at $709,055.10. The disclosure for this purchase can be found here. In the last three months, insiders acquired 448,986 shares of company stock worth $2,466,764. Insiders own 24.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Tile Shop by 17.0% during the fourth quarter. BlackRock Inc. now owns 5,823,901 shares of the company’s stock valued at $55,911,000 after acquiring an additional 845,141 shares during the period. Millennium Management LLC lifted its stake in shares of Tile Shop by 73.1% during the fourth quarter. Millennium Management LLC now owns 1,529,352 shares of the company’s stock valued at $14,682,000 after acquiring an additional 645,782 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Tile Shop by 19.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,329,000 shares of the company’s stock valued at $12,758,000 after acquiring an additional 220,400 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Tile Shop during the third quarter valued at $12,874,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Tile Shop by 18.2% during the third quarter. Dimensional Fund Advisors LP now owns 849,151 shares of the company’s stock valued at $10,784,000 after acquiring an additional 130,919 shares during the period. 64.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tile Shop (TTS) traded up $0.50 during trading hours on Monday, reaching $6.10. The company’s stock had a trading volume of 1,284,791 shares, compared to its average volume of 1,015,507. Tile Shop has a 52-week low of $5.15 and a 52-week high of $22.40. The company has a market capitalization of $292.05, a PE ratio of 29.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.96. The company has a quick ratio of 0.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.13.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, March 2nd. Tile Shop’s dividend payout ratio is currently 95.24%.

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About Tile Shop

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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