Tuesday Morning Corp. (TUES) Receives Daily Media Impact Rating of 0.01
News articles about Tuesday Morning Corp. (NASDAQ:TUES) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tuesday Morning Corp. earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.5064776823607 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Stock skids at Lids’ parent firm after company whacks outlook (ibj.com)
- August 29th Morning Rush: Clovis library shooting leaves 2 dead, 4 injured (krqe.com)
- Apple Races to Become First Trillion-Dollar Company (sfgate.com)
- No one injured at reported explosion at local insulation company (wpsdlocal6.com)
- Tuesday Morning Corp. (TUES) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Several analysts have commented on TUES shares. B. Riley restated a “neutral” rating and set a $2.60 target price on shares of Tuesday Morning Corp. in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Tuesday Morning Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. ValuEngine downgraded shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group dropped their target price on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating on the stock in a report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Tuesday Morning Corp. presently has a consensus rating of “Hold” and a consensus target price of $3.22.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 4.44% during mid-day trading on Friday, reaching $2.15. 310,606 shares of the company’s stock traded hands. Tuesday Morning Corp. has a 12 month low of $1.60 and a 12 month high of $7.32. The company has a 50 day moving average of $1.88 and a 200 day moving average of $2.56. The company’s market cap is $94.66 million.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its quarterly earnings results on Thursday, August 24th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by $0.09. Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. The business had revenue of $223.60 million during the quarter, compared to analyst estimates of $225.51 million. During the same period last year, the firm posted ($0.09) earnings per share. Tuesday Morning Corp.’s quarterly revenue was up .4% compared to the same quarter last year. Analysts expect that Tuesday Morning Corp. will post ($0.34) earnings per share for the current fiscal year.
In other Tuesday Morning Corp. news, CEO Steven R. Becker purchased 100,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of $1.73 per share, with a total value of $173,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is currently owned by insiders.
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About Tuesday Morning Corp.
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.
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