Tuesday Morning (TUES) Issues Earnings Results, Beats Expectations By $0.12 EPS

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 décor products. As of Aug 21, 2018, it operated approximately 715 stores in 40 states.

Read More: What are retained earnings?

Earnings History for Tuesday Morning (NASDAQ:TUES)

Receive News & Ratings for Tuesday Morning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuesday Morning and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply