The TJX Companies, Inc. (TJX) Issues FY15 Earnings Guidance
The TJX Companies, Inc. (NYSE:TJX) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.05-3.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.19, StockRatingsNetwork reports. The TJX Companies also updated its Q2 guidance to $0.70-0.74 EPS.
The TJX Companies, Inc. (NYSE:TJX) opened at 58.40 on Tuesday. The TJX Companies, Inc. has a 1-year low of $48.71 and a 1-year high of $64.38. The stock’s 50-day moving average is $59.04 and its 200-day moving average is $60.72. The company has a market cap of $41.095 billion and a price-to-earnings ratio of 19.92. The TJX Companies also was the target of some unusual options trading on Monday. Investors bought 3,954 put options on the stock. This represents an increase of 470% compared to the average volume of 694 put options.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.03. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the company posted $0.62 earnings per share. The TJX Companies’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post $3.19 EPS for the current fiscal year.
TJX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of The TJX Companies in a research note on Thursday, April 3rd. They now have a $65.00 price target on the stock. Finally, analysts at Wedbush initiated coverage on shares of The TJX Companies in a research note on Thursday, February 27th. They set a neutral rating and a $63.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $62.86.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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