CSS Industries (CSS) Announces Quarterly Earnings Results
CSS Industries (NYSE:CSS) issued its quarterly earnings data on Thursday. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.87), Zacks reports. CSS Industries had a negative return on equity of 3.19% and a negative net margin of 17.50%. The business had revenue of $133.23 million for the quarter, compared to analysts’ expectations of $138.30 million. CSS Industries updated its FY 2019 guidance to EPS.
CSS stock opened at $6.88 on Friday. CSS Industries has a one year low of $6.44 and a one year high of $22.73. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.20 dividend. 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 (DPR) is presently 72.73%.
In other news, Director Rebecca C. Matthias bought 10,000 shares of CSS Industries stock in a transaction dated Friday, December 14th. The stock was bought at an average price of $11.00 per share, for a total transaction of $110,000.00. Following the purchase, the director now owns 101,517 shares of the company’s stock, valued at $1,116,687. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.10% of the stock is currently owned by company insiders.
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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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