Credit Suisse Reiterates “Outperform” Rating for Tuesday Morning Corp. (TUES)
Tuesday Morning Corp. (NASDAQ:TUES)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Friday. They currently have a $20.00 target price on the stock, up from their previous target price of $18.00. Credit Suisse’s target price would suggest a potential upside of 17.03% from the company’s current price.
Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded up 7.37% on Friday, hitting $18.35. 1,962,063 shares of the company’s stock traded hands. Tuesday Morning Corp. has a 1-year low of $11.53 and a 1-year high of $19.25. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $15.81. The company’s market cap is $791.3 million.
Tuesday Morning Corp. (NASDAQ:TUES) last released its earnings data on Thursday, August 21st. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.01. The company had revenue of $212.60 million for the quarter, compared to the consensus estimate of $213.11 million. During the same quarter last year, the company posted ($0.13) earnings per share. Tuesday Morning Corp.’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that Tuesday Morning Corp. will post $0.39 EPS for the current fiscal year.
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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