News stories about Tuesday Morning (NASDAQ:TUES) have been trending somewhat positive recently, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Tuesday Morning earned a coverage optimism score of 1.92 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Tuesday Morning’s score:
- FDOT: New Daytona I-95 exits at I-4 opening Tuesday (news-journalonline.com)
- Showers to return Tuesday (kstp.com)
- Harrison Street bridge to close Tuesday for repairs, maintenance (chicago.suntimes.com)
- Storms Likely Tuesday Morning (nbcdfw.com)
- Rusty’s Evening Forecast – Rain likely tonight and Tuesday (wowt.com)
Several research firms have issued reports on TUES. Zacks Investment Research upgraded shares of Tuesday Morning from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Friday, February 8th. B. Riley upgraded shares of Tuesday Morning from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.20 to $3.00 in a research note on Friday, February 1st. Finally, ValuEngine cut shares of Tuesday Morning from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.
Tuesday Morning (NASDAQ:TUES) last posted its earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.07. The business had revenue of $210.98 million for the quarter, compared to analysts’ expectations of $213.83 million. Tuesday Morning had a negative net margin of 1.06% and a negative return on equity of 5.89%. As a group, analysts expect that Tuesday Morning will post -0.32 EPS for the current year.
In related news, CEO Steven R. Becker bought 180,100 shares of the stock in a transaction on Thursday, May 9th. The shares were acquired at an average price of $1.74 per share, for a total transaction of $313,374.00. Following the purchase, the chief executive officer now owns 1,571,295 shares of the company’s stock, valued at $2,734,053.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.
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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 décor products. As of September 30, 2018, it operated approximately 719 stores in 40 states.
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