Target (TGT) Set to Announce Quarterly Earnings on Wednesday
Target (NYSE:TGT) is scheduled to be issuing its Q214 quarterly earnings data on Wednesday, August 20th. Analysts expect the company to announce earnings of $0.80 per share and revenue of $17.39 billion for the quarter. Target has set its Q2 guidance at $0.85-1.00 EPS and its FY15 guidance at $3.60-3.90 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.
Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.01. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.02 billion. During the same quarter last year, the company posted $0.77 earnings per share. Target’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect Target to post $3.50 EPS for the current fiscal year and $4.10 EPS for the next fiscal year.
Target (NYSE:TGT) opened at 58.55 on Tuesday. Target has a 52-week low of $54.66 and a 52-week high of $68.62. The stock’s 50-day moving average is $59. and its 200-day moving average is $58.94. The company has a market cap of $37.103 billion and a price-to-earnings ratio of 19.49.
A number of research firms have recently commented on TGT. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Target in a research note on Wednesday, August 6th. They now have a $60.00 price target on the stock, down previously from $62.00. On the ratings front, analysts at Morgan Stanley cut their price target on shares of Target from $60.00 to $58.00 in a research note on Wednesday, August 6th. Finally, analysts at Deutsche Bank cut their price target on shares of Target from $58.00 to $57.00 in a research note on Wednesday, August 6th. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $60.15.
Target Corporation sells a range of assortment of general merchandise and food in its stores. The Company’s general merchandise and CityTarget stores offer a food assortment on a smaller scale and its SuperTarget stores offer a line of food items comparable to traditional supermarkets.
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