Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tuesday Morning Corp. (TUES) Share Price
Press coverage about Tuesday Morning Corp. (NASDAQ:TUES) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tuesday Morning Corp. earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9364286193915 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Local utility company crew heading south to help with Hurricane Irma clean up (wpsdlocal6.com)
- Is $1M enough to get Infosys to put its tech hub in Raleigh? We’ll find out Tuesday. (newsobserver.com)
- Pleasant Tuesday in the Charleston area to bring appraisal and cleanup after the storm (postandcourier.com)
- UPDATED 10:45 P.M. MONDAY: Irma — Wind advisory issued; remains in effect during early Tuesday morning (oanow.com)
- Officials in Miami Beach allowed residents to return to their homes Tuesday morning after Hurricane Irma pounded Florida with wind and rain (hosted.ap.org)
Shares of Tuesday Morning Corp. (TUES) traded up 4.76% on Wednesday, hitting $2.20. 254,561 shares of the company’s stock were exchanged. Tuesday Morning Corp. has a 12-month low of $1.60 and a 12-month high of $6.28. The stock’s market cap is $96.87 million. The company’s 50-day moving average price is $1.93 and its 200 day moving average price is $2.45.
Tuesday Morning Corp. (NASDAQ:TUES) last issued its earnings results on Thursday, August 24th. The company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). The firm had revenue of $223.60 million during the quarter, compared to analysts’ expectations of $225.51 million. Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. On average, equities analysts predict that Tuesday Morning Corp. will post ($0.45) earnings per share for the current fiscal year.
A number of research analysts have weighed in on TUES shares. ValuEngine downgraded shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Credit Suisse Group decreased their price objective on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, B. Riley reiterated a “neutral” rating and issued a $2.40 price objective (down previously from $2.60) on shares of Tuesday Morning Corp. in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.22.
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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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