Ruby Tuesday (RT) Announces Quarterly Earnings, Misses Estimates By $0.17 EPS
Ruby Tuesday (NYSE:RT) posted its quarterly earnings results on Wednesday. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by $0.17, American Banking & Market News reports. The company had revenue of $276.20 million for the quarter, compared to the consensus estimate of $271.93 million.
A number of analysts have recently weighed in on RT shares. Analysts at UBS AG initiated coverage on shares of Ruby Tuesday in a research note to investors on Wednesday. They set a “neutral” rating on the stock. On a related note, analysts at Zacks upgraded shares of Ruby Tuesday from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $7.30 price target on the stock. Finally, analysts at TheStreet downgraded shares of Ruby Tuesday to a “sell” rating in a research note to investors on Wednesday, November 13th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.33.
Shares of Ruby Tuesday (NYSE:RT) traded down 2.13% during mid-day trading on Wednesday, hitting $5.97. The stock had a trading volume of 1,820,868 shares. Ruby Tuesday has a 52-week low of $5.40 and a 52-week high of $9.90. The stock has a 50-day moving average of $6.88 and a 200-day moving average of $7.33. The company’s market cap is $358.9 million.
Ruby Tuesday, Inc, including its wholly-owned subsidiaries, owns and operates Ruby Tuesday, Lime Fresh Mexican, GrillMarlin & Ray’s, and Wok Hay casual dining restaurants.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.