CSS Industries (CSS) Issues Quarterly Earnings Results
CSS Industries (NYSE:CSS) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.05), Fidelity Earnings reports. The company had revenue of $112.90 million for the quarter, compared to analysts’ expectations of $113.10 million. CSS Industries had a negative net margin of 14.35% and a negative return on equity of 0.04%.
NYSE:CSS opened at $12.55 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.60 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $114.60 million, a PE ratio of 11.41, a price-to-earnings-growth ratio of 5.90 and a beta of 0.77. CSS Industries has a twelve month low of $12.52 and a twelve month high of $29.34.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend is Thursday, November 29th. CSS Industries’s dividend payout ratio is currently 72.73%.
Separately, Zacks Investment Research downgraded shares of CSS Industries from a “hold” rating to a “strong sell” rating in a report on Friday.
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CSS Industries Company Profile
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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