The TJX Companies, Inc. (TJX) Issues FY15 Earnings Guidance
The TJX Companies, Inc. (NYSE:TJX) updated its FY15 earnings guidance on Tuesday. The company provided EPS guidance of $3.10-3.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.14, American Banking and Market News reports. The TJX Companies also updated its Q3 guidance to $0.81-0.85 EPS.
Shares of The TJX Companies, Inc. (NYSE:TJX) opened at 57.45 on Tuesday. The TJX Companies, Inc. has a 52 week low of $51.91 and a 52 week high of $64.38. The stock has a 50-day moving average of $53.41 and a 200-day moving average of $57.11. The company has a market cap of $40.233 billion and a price-to-earnings ratio of 18.19.
The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 19th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter last year, the company posted $0.66 earnings per share. The TJX Companies’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post $3.14 EPS for the current fiscal year.
TJX has been the subject of a number of recent research reports. Analysts at Northcoast Research upgraded shares of The TJX Companies from a neutral rating to a buy rating in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Sterne Agee cut their price target on shares of The TJX Companies from $65.00 to $56.00 in a research note on Wednesday, July 16th. Finally, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of The TJX Companies in a research note on Friday, May 23rd. They now have a $63.00 price target on the stock, down previously from $65.00. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $62.41.
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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