Somewhat Positive Media Coverage Very Likely to Affect Tuesday Morning Corp. (TUES) Stock Price
News stories about Tuesday Morning Corp. (NASDAQ:TUES) have trended somewhat positive on Saturday, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tuesday Morning Corp. earned a news sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted AlphaOne Sentiment’s analysis:
- Tuesday Morning Corp. (TUES) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Tuesday Morning Corp. (TUES) Receives “Neutral” Rating from Credit Suisse Group (americanbankingnews.com)
- Omeros Corp. (OMER) Surged To A New High On FDA Breakthrough Designation (rttnews.com)
- Oracle Corp (ORCL) Holder Westpac Banking Corp Lifted Its Stake (emfizz.com)
- Olean native’s husband killed Tuesday in Georgia inmate escape (oleantimesherald.com)
TUES has been the subject of several analyst reports. B. Riley reaffirmed a “neutral” rating and set a $2.60 price objective on shares of Tuesday Morning Corp. in a research report on Wednesday, May 10th. Credit Suisse Group lowered their price objective on Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a research report on Friday. ValuEngine cut Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.28.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 2.63% during mid-day trading on Friday, hitting $1.85. The company had a trading volume of 1,160,982 shares. The stock’s market cap is $81.44 million. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $3.69. Tuesday Morning Corp. has a 52-week low of $1.60 and a 52-week high of $8.11.
Tuesday Morning Corp. (NASDAQ:TUES) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $203 million during the quarter, compared to analyst estimates of $207.10 million. Tuesday Morning Corp. had a negative return on equity of 8.56% and a negative net margin of 1.97%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. Equities analysts forecast that Tuesday Morning Corp. will post ($0.63) earnings per share for the current year.
In other news, Director Terry Lee Burman purchased 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was acquired at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the purchase, the director now owns 201,883 shares of the company’s stock, valued at $452,217.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven R. Becker purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average price of $1.73 per share, with a total value of $173,000.00. The disclosure for this purchase can be found here. Insiders purchased 340,100 shares of company stock valued at $687,082 over the last quarter. Insiders own 4.40% of the company’s stock.
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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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