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

Tandy Leather Factory (NASDAQ:TLF) released its earnings results on Tuesday. The textile maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05), FiscalAI reports. Tandy Leather Factory had a net margin of 0.22% and a return on equity of 0.36%. The firm had revenue of $18.52 million during the quarter, compared to analyst estimates of $23.89 million.

Tandy Leather Factory Stock Performance

Shares of NASDAQ:TLF traded down $0.02 during trading on Thursday, hitting $2.20. The company’s stock had a trading volume of 4,813 shares, compared to its average volume of 34,323. The business has a 50 day moving average price of $2.44 and a two-hundred day moving average price of $2.47. Tandy Leather Factory has a fifty-two week low of $1.77 and a fifty-two week high of $3.36. The company has a market capitalization of $18.02 million, a PE ratio of 36.67 and a beta of 0.60.

Wall Street Analyst Weigh In

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

Tandy Leather Factory Company Profile

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.