CSS Industries (NYSE:CSS) released its quarterly earnings data on Thursday. The specialty retailer reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05), Fidelity Earnings reports. The business had revenue of $112.90 million during the quarter, compared to analyst estimates of $113.10 million. CSS Industries had a negative return on equity of 0.04% and a negative net margin of 14.35%.
Shares of NYSE CSS opened at $12.55 on Friday. CSS Industries has a 1 year low of $12.52 and a 1 year high of $29.34. The firm has a market cap of $114.60 million, a P/E ratio of 11.41, a PEG ratio of 5.90 and a beta of 0.77. 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Thursday, November 29th. CSS Industries’s dividend payout ratio (DPR) is presently 72.73%.
Separately, Zacks Investment Research upgraded shares of CSS Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 6th.
In other news, CEO Christopher J. Munyan purchased 2,000 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $13.85 per share, with a total value of $27,700.00. Following the completion of the acquisition, the chief executive officer now owns 84,208 shares of the company’s stock, valued at approximately $1,166,280.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company’s stock.
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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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