CSS Industries (NYSE:CSS) Issues Quarterly Earnings Results

CSS Industries (NYSE:CSS) posted its quarterly earnings results on Thursday. The specialty retailer reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.72), Bloomberg Earnings reports. The business had revenue of $57.54 million during the quarter, compared to the consensus estimate of $59.40 million. CSS Industries had a negative return on equity of 6.70% and a negative net margin of 13.13%. CSS Industries updated its FY 2020 guidance to EPS.

Shares of NYSE CSS traded up $0.02 during midday trading on Friday, hitting $5.06. 28,828 shares of the company traded hands, compared to its average volume of 22,233. CSS Industries has a 12-month low of $4.14 and a 12-month high of $15.27. The firm has a 50-day moving average of $5.05.

Separately, Zacks Investment Research upgraded shares of CSS Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th.

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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Earnings History for CSS Industries (NYSE:CSS)

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