Tandy Leather Factory (NASDAQ:TLF) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Tandy Leather Factory (NASDAQ:TLFGet Free Report) announced its quarterly earnings results on Monday. The textile maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. Tandy Leather Factory had a negative net margin of 2.94% and a negative return on equity of 4.15%. The firm had revenue of $19.65 million during the quarter, compared to analyst estimates of $23.89 million.

Tandy Leather Factory Trading Down 0.4%

Shares of NASDAQ TLF opened at $2.38 on Wednesday. The firm has a market cap of $19.37 million, a PE ratio of -9.92 and a beta of 0.49. Tandy Leather Factory has a 1-year low of $2.21 and a 1-year high of $3.78. The company has a fifty day moving average price of $2.35 and a 200 day moving average price of $2.67.

Hedge Funds Weigh In On Tandy Leather Factory

A hedge fund recently bought a new stake in Tandy Leather Factory stock. NewEdge Advisors LLC bought a new position in Tandy Leather Factory, Inc. (NASDAQ:TLFFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,573 shares of the textile maker’s stock, valued at approximately $39,000. NewEdge Advisors LLC owned 0.15% of Tandy Leather Factory at the end of the most recent quarter. 56.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Tandy Leather Factory from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tandy Leather Factory presently has an average rating of “Sell”.

Check Out Our Latest Report on TLF

About Tandy Leather Factory

(Get Free Report)

Tandy Leather Factory, Inc engages in the distribution of leather and related products. It offers leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. It operates through North America and International geographical segments. The North America geographical segment consists of 115 stores, which offer a broad selection of products combined with leathercraft expertise in a one-stop shop. The International geographical segment comprises of similar to North America segment but generally located in light industrial areas.

See Also

Earnings History for Tandy Leather Factory (NASDAQ:TLF)

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