Tuesday Morning (OTCMKTS:TUEM) Announces Earnings Results, Misses Estimates By $0.25 EPS

Tuesday Morning (OTCMKTS:TUEM) announced its quarterly earnings data on Thursday. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.25), MarketWatch Earnings reports. Tuesday Morning had a negative return on equity of 191.21% and a negative net margin of 17.03%.

OTCMKTS TUEM opened at $2.34 on Friday. Tuesday Morning has a one year low of $1.00 and a one year high of $5.01. The company has a current ratio of 1.23, a quick ratio of 0.43 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average is $3.99 and its 200-day moving average is $3.64.

In other news, insider Steven R. Becker sold 96,039 shares of the business’s stock in a transaction dated Wednesday, June 16th. The stock was sold at an average price of $4.87, for a total transaction of $467,709.93. Following the completion of the transaction, the insider now owns 2,760,718 shares of the company’s stock, valued at $13,444,696.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Becker sold 200,150 shares of the business’s stock in a transaction that occurred on Monday, June 14th. The stock was sold at an average price of $4.97, for a total value of $994,745.50. Following the completion of the sale, the insider now owns 2,760,718 shares of the company’s stock, valued at approximately $13,720,768.46. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Tuesday Morning stock. Bank of America Corp DE purchased a new stake in shares of Tuesday Morning Co. (OTCMKTS:TUEM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 125,259 shares of the company’s stock, valued at approximately $563,000. Bank of America Corp DE owned approximately 0.15% of Tuesday Morning at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.96% of the company’s stock.

Separately, Zacks Investment Research cut shares of Tuesday Morning from a “hold” rating to a “sell” rating in a report on Saturday, September 4th.

About Tuesday Morning

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, pet supplies, bath and body products, toys, and seasonal décor products. As of June 30, 2020, it operated approximately 685 stores in 39 states.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

Receive News & Ratings for Tuesday Morning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tuesday Morning and related companies with MarketBeat.com's FREE daily email newsletter.