Tandy Leather Factory (NASDAQ:TLF) Releases Earnings Results, Misses Expectations By $0.05 EPS

Tandy Leather Factory (NASDAQ:TLF) announced its quarterly earnings data on Tuesday. The textile maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05), FiscalAI reports. Tandy Leather Factory had a negative return on equity of 3.31% and a negative net margin of 2.14%. The business had revenue of $18.52 million during the quarter, compared to analysts’ expectations of $23.89 million.

Tandy Leather Factory Trading Down 1.9%

NASDAQ:TLF traded down $0.04 on Tuesday, reaching $2.08. 62,120 shares of the stock traded hands, compared to its average volume of 34,401. The company has a market capitalization of $17.04 million, a price-to-earnings ratio of -12.23 and a beta of 0.60. Tandy Leather Factory has a 12 month low of $1.77 and a 12 month high of $3.36. The company’s fifty day simple moving average is $2.46 and its 200 day simple moving average is $2.47.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tandy Leather Factory in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Tandy Leather Factory currently has an average rating of “Sell”.

About Tandy Leather Factory

Tandy Leather Factory, Inc. is a specialty retailer and distributor of leathercraft supplies. The company serves hobbyists, artisans, small businesses and other customers who create or repair leather goods. Its products include leather hides and sides, leatherworking tools, hardware, dyes, finishes, lacing, adhesives, kits and related craft materials. Tandy also provides instructional resources and project-oriented supplies designed for customers with a range of experience levels. Founded in 1919, the company has operated through a network of retail stores and direct-to-consumer channels, including its online platform and catalog operations.