Tuesday Morning (NASDAQ:TUES) announced its quarterly earnings data on Thursday. The company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.12, MarketWatch Earnings reports. Tuesday Morning had a negative net margin of 2.18% and a negative return on equity of 11.63%. The firm had revenue of $227.31 million during the quarter, compared to the consensus estimate of $223.39 million.
Tuesday Morning stock remained flat at $$3.06 during mid-day trading on Friday. 113,093 shares of the company’s stock were exchanged, compared to its average volume of 275,979. Tuesday Morning has a 12 month low of $2.38 and a 12 month high of $4.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.13 and a current ratio of 1.92. The stock has a market capitalization of $140.60 million, a PE ratio of 6.12 and a beta of 1.34.
A number of research analysts have issued reports on TUES shares. ValuEngine raised shares of Tuesday Morning from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. B. Riley set a $4.00 target price on shares of Tuesday Morning and gave the company a “hold” rating in a report on Wednesday, August 22nd. Finally, Zacks Investment Research raised shares of Tuesday Morning from a “sell” rating to a “hold” rating in a report on Saturday, July 7th.
A number of institutional investors have recently modified their holdings of TUES. B. Riley Financial Inc. purchased a new position in Tuesday Morning in the second quarter valued at about $306,000. JPMorgan Chase & Co. increased its holdings in Tuesday Morning by 58.0% in the first quarter. JPMorgan Chase & Co. now owns 86,970 shares of the company’s stock valued at $344,000 after buying an additional 31,926 shares in the last quarter. SG Capital Management LLC purchased a new position in Tuesday Morning in the second quarter valued at about $411,000. Renaissance Technologies LLC increased its holdings in Tuesday Morning by 191.7% in the second quarter. Renaissance Technologies LLC now owns 268,098 shares of the company’s stock valued at $818,000 after buying an additional 176,198 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new position in Tuesday Morning in the second quarter valued at about $1,645,000. 73.93% of the stock is owned by institutional investors.
About Tuesday Morning
Tuesday Morning Corporation operates as a retailer of products for the home in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, toys, and seasonal dÃ©cor products. As of Aug 21, 2018, it operated approximately 715 stores in 40 states.
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