Tuesday Morning Corp. Coverage Initiated at Johnson Rice (TUES)
Johnson Rice assumed coverage on shares of Tuesday Morning Corp. (NASDAQ:TUES) in a research note issued on Monday, AnalystRatingsNetwork reports. The firm set an “overweight” rating on the stock.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down 0.38% during mid-day trading on Monday, hitting $13.09. 365,125 shares of the company’s stock traded hands. Tuesday Morning Corp. has a 1-year low of $7.20 and a 1-year high of $16.44. The stock has a 50-day moving average of $14.26 and a 200-day moving average of $13.45. The company’s market cap is $561.6 million.
Tuesday Morning Corp. (NASDAQ:TUES) last announced its earnings results on Friday, January 31st. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.05. The company had revenue of $285.77 million for the quarter, compared to the consensus estimate of $296.46 million. On average, analysts predict that Tuesday Morning Corp. will post $-0.04 earnings per share for the current fiscal year.
Separately, analysts at Credit Suisse initiated coverage on shares of Tuesday Morning Corp. in a research note to investors on Tuesday, November 26th. They set an “outperform” rating and a $17.00 price target on the stock.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States.
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