Tuesday Morning Co. (NASDAQ:TUES) Expected to Earn Q2 2020 Earnings of $0.30 Per Share

Tuesday Morning Co. (NASDAQ:TUES) – B. Riley decreased their Q2 2020 earnings per share (EPS) estimates for shares of Tuesday Morning in a research note issued to investors on Wednesday, November 6th. B. Riley analyst J. Van. Sinderen now forecasts that the company will earn $0.30 per share for the quarter, down from their prior forecast of $0.36. B. Riley currently has a “Hold” rating and a $2.00 price target on the stock. B. Riley also issued estimates for Tuesday Morning’s Q3 2020 earnings at ($0.12) EPS, Q4 2020 earnings at ($0.20) EPS, FY2020 earnings at ($0.22) EPS and FY2021 earnings at ($0.15) EPS.

Several other brokerages also recently weighed in on TUES. Zacks Investment Research downgraded Tuesday Morning from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded Tuesday Morning from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of NASDAQ TUES opened at $1.55 on Friday. The stock’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.87 and a quick ratio of 0.14. Tuesday Morning has a 1-year low of $1.19 and a 1-year high of $3.03. The company has a market cap of $73.84 million, a price-to-earnings ratio of -5.54 and a beta of 1.78.

Tuesday Morning (NASDAQ:TUES) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02). Tuesday Morning had a negative return on equity of 7.70% and a negative net margin of 1.39%. The company had revenue of $224.44 million for the quarter, compared to analysts’ expectations of $227.38 million.

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In other Tuesday Morning news, Director Terry Lee Burman acquired 80,000 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $1.40 per share, with a total value of $112,000.00. Following the transaction, the director now owns 318,732 shares in the company, valued at approximately $446,224.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steven R. Becker acquired 90,000 shares of the stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of $1.44 per share, with a total value of $129,600.00. Following the completion of the transaction, the chief executive officer now owns 1,750,325 shares in the company, valued at approximately $2,520,468. The disclosure for this purchase can be found here. 10.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in TUES. Menta Capital LLC acquired a new position in shares of Tuesday Morning during the 2nd quarter worth about $28,000. Algert Global LLC boosted its position in shares of Tuesday Morning by 111.2% during the 2nd quarter. Algert Global LLC now owns 21,990 shares of the company’s stock worth $37,000 after acquiring an additional 11,580 shares in the last quarter. KBC Group NV boosted its position in shares of Tuesday Morning by 502.1% during the 2nd quarter. KBC Group NV now owns 86,600 shares of the company’s stock worth $146,000 after acquiring an additional 72,217 shares in the last quarter. Trellus Management Company LLC acquired a new position in shares of Tuesday Morning during the 3rd quarter worth about $243,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Tuesday Morning during the 2nd quarter worth about $326,000. 57.91% of the stock is owned by institutional investors and hedge funds.

Tuesday Morning Company Profile

Tuesday Morning Corporation operates as an off-price retailer in the United States. The company offers various products, such as upscale home textiles, home furnishings, housewares, gourmet food products, toys, and seasonal d├ęcor products. As of September 30, 2018, it operated approximately 719 stores in 40 states.

Further Reading: Bond

Earnings History and Estimates for Tuesday Morning (NASDAQ:TUES)

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