Brokerages expect Tile Shop Holdings Inc (NASDAQ:TTS) to post $84.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tile Shop’s earnings. The highest sales estimate is $85.50 million and the lowest is $81.79 million. Tile Shop reported sales of $78.58 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is expected to announce its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Tile Shop will report full-year sales of $357.36 million for the current financial year, with estimates ranging from $355.09 million to $358.80 million. For the next year, analysts expect that the company will post sales of $376.54 million, with estimates ranging from $370.01 million to $381.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Tile Shop.

Tile Shop (NASDAQ:TTS) last released its quarterly earnings results on Thursday, October 18th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $89.26 million for the quarter, compared to the consensus estimate of $87.12 million. Tile Shop had a net margin of 1.19% and a return on equity of 6.22%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Tile Shop from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. BidaskClub downgraded shares of Tile Shop from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. CJS Securities upgraded shares of Tile Shop to a “buy” rating in a report on Tuesday, September 18th. ValuEngine raised shares of Tile Shop from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Loop Capital lowered their price objective on shares of Tile Shop to $7.00 and set a “positive” rating on the stock in a research report on Friday, October 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.67.

In related news, Director Todd Krasnow sold 40,000 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $6.06, for a total value of $242,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter J. Jacullo III purchased 21,077 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was purchased at an average price of $7.14 per share, for a total transaction of $150,489.78. The disclosure for this purchase can be found here. Insiders have purchased a total of 462,264 shares of company stock valued at $2,807,608 in the last quarter. 25.90% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Granite Investment Partners LLC bought a new position in Tile Shop during the second quarter worth $446,000. Balter Liquid Alternatives LLC raised its stake in Tile Shop by 34.7% during the second quarter. Balter Liquid Alternatives LLC now owns 150,236 shares of the company’s stock worth $1,157,000 after acquiring an additional 38,704 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Tile Shop during the second quarter worth about $111,000. Swiss National Bank grew its holdings in shares of Tile Shop by 35.9% during the second quarter. Swiss National Bank now owns 75,000 shares of the company’s stock worth $578,000 after purchasing an additional 19,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tile Shop by 31.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,770 shares of the company’s stock worth $16,192,000 after purchasing an additional 499,380 shares during the last quarter. Institutional investors own 64.01% of the company’s stock.

NASDAQ TTS opened at $5.81 on Friday. Tile Shop has a one year low of $5.15 and a one year high of $10.50. The company has a quick ratio of 0.46, a current ratio of 2.44 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $303.89 million, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.99.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, October 29th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, October 26th. Tile Shop’s dividend payout ratio is 62.50%.

Tile Shop Company Profile

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 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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Earnings History and Estimates for Tile Shop (NASDAQ:TTS)

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