Tandy Leather Factory (NASDAQ:TLF) Posts Earnings Results, Misses Estimates By $0.05 EPS

Tandy Leather Factory (NASDAQ:TLF) released its earnings results on Tuesday. The textile maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05), FiscalAI reports. Tandy Leather Factory had a negative return on equity of 3.31% and a negative net margin of 2.14%. The firm had revenue of $18.52 million during the quarter, compared to analysts’ expectations of $23.89 million.

Tandy Leather Factory Price Performance

NASDAQ:TLF opened at $2.08 on Wednesday. The business’s 50-day simple moving average is $2.44 and its two-hundred day simple moving average is $2.47. Tandy Leather Factory has a 52 week low of $1.77 and a 52 week high of $3.36.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tandy Leather Factory in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Tandy Leather Factory Company Profile

Tandy Leather Factory, Inc. is a specialty retailer and distributor of leathercraft supplies. The company serves hobbyists, artisans, small businesses and other customers who create or repair leather goods. Its products include leather hides and sides, leatherworking tools, hardware, dyes, finishes, lacing, adhesives, kits and related craft materials. Tandy also provides instructional resources and project-oriented supplies designed for customers with a range of experience levels. Founded in 1919, the company has operated through a network of retail stores and direct-to-consumer channels, including its online platform and catalog operations.