News coverage about Tuesday Morning Corp. (NASDAQ:TUES) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tuesday Morning Corp. earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7704184234243 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Report: NBA set to cash in with $225M deal with Japanese tech company Rakuten (cbssports.com)
- Which company should sponsor the Knicks’ jerseys? (postingandtoasting.com)
- College basketball scandal: Arraignments begin Tuesday for coaches caught in sting (usatoday.com)
- Tuesday’s HOT MIC (pjmedia.com)
- Nigerian Newspapers: 10 things you need to know this Tuesday morning (dailypost.ng)
A number of research firms recently weighed in on TUES. Credit Suisse Group dropped their price target on Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a report on Friday, June 16th. B. Riley reaffirmed a “neutral” rating and set a $2.40 price target (down from $2.60) on shares of Tuesday Morning Corp. in a report on Friday, August 25th. Finally, Zacks Investment Research raised Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2.45.
Tuesday Morning Corp. (NASDAQ:TUES) last announced its quarterly earnings results on Thursday, August 24th. The company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.09). Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. The firm had revenue of $223.60 million during the quarter, compared to the consensus estimate of $225.51 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The firm’s revenue was up .4% on a year-over-year basis.
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Tuesday Morning Corp. Company Profile
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.
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