Tuesday Morning Corp. (TUES) Stock Price Up 3.3%
Tuesday Morning Corp. (NASDAQ:TUES) shares rose 3.3% during trading on Thursday . The company traded as high as $7.78 and last traded at $7.76, with a volume of 83,628 shares trading hands. The stock had previously closed at $7.51.
TUES has been the topic of a number of research analyst reports. Zacks Investment Research lowered Tuesday Morning Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $11.00 target price (up previously from $9.00) on shares of Tuesday Morning Corp. in a research note on Monday, May 2nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $9.00 target price on shares of Tuesday Morning Corp. in a research note on Monday, May 2nd.
The stock has a market capitalization of $325.73 million and a price-to-earnings ratio of 96.62. The firm’s 50-day moving average is $7.65 and its 200 day moving average is $7.30.
Tuesday Morning Corp. (NASDAQ:TUES) last announced its quarterly earnings data on Friday, August 19th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. The firm had revenue of $222.80 million for the quarter, compared to analyst estimates of $228.46 million. During the same period in the previous year, the business posted ($0.10) EPS. Tuesday Morning Corp.’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts forecast that Tuesday Morning Corp. will post $0.04 EPS for the current fiscal year.
Tuesday Morning Corporation, is a merchandise and retail company. The Company is a retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings, housewares, gifts and other related items.
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