Tuesday Morning Corp (TUES) Announces Quarterly Results, Beats Estimates By $0.01 EPS
Monday, August 22, 2021 5:05 PM

Tuesday Morning Corp (TUES) announced its quarterly results on Monday. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.01. The company’s quarterly revenue was down 3.0% on a year-over-year basis.

On a related note, analysts at Avondale Partners downgraded shares of Tuesday Morning Corp from an "outperform" rating to a "market perform" rating in a research note to investors on Tuesday, January 11st. They now have a $5.00 price target on the stock, down previously from $6.50.

Shares of Tuesday Morning Corp (TUES) traded down 1.45% during mid-day trading on Monday, hitting $3.40. Tuesday Morning Corp (TUES) has a 52 week low of $3.43 and a 52 week high of $5.93. The stock's 50-day moving average is $4.13 and its 200-day moving average is $4.60. The company has a market cap of $145.2 million and a price-to-earnings ratio of 12.19.

Tuesday Morning Corporation (Tuesday Morning) is a closeout retailer of decorative home accessories, housewares and famous-maker gifts in the United States. As of June 30, 2010, the Company operated 852 stores. Its merchandise primarily consists of lamps, rugs, furniture, kitchen accessories, small electronics, gourmet housewares, linens, luggage, bedroom and bathroom accessories, toys, stationary and silk plants, as well as crystal, collectibles, silver serving pieces, men, women and children's apparel and accessories. The Company specializes in brand name merchandise, which includes Calphalon cookware, Breville, KitchenAid and Cuisinart appliances, Sferra linens, Michael Kors bath towels, Travel Pro luggage, Reed and Barton flatware, Lenox and Denby tabletop, Waterford and Riedel crystal, Steinbach and Hummel collectibles, Madame Alexander dolls, Royal Doulton and Wedgwood china and giftware, and Couristan rugs.

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