Target Corporation (TGT) Scheduled to Post Earnings on Wednesday
Target Corporation (NYSE:TGT) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 15th. Analysts expect Target Corporation to post earnings of $0.85 per share for the quarter. Target Corporation has set its Q3 guidance at $0.75-0.95 EPS and its FY18 guidance at $4.34-4.54 EPS.
Target Corporation (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. On average, analysts expect Target Corporation to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Target Corporation (NYSE TGT) opened at $57.89 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.91 and a quick ratio of 0.26. The company has a market cap of $31,620.00, a PE ratio of 12.04, a P/E/G ratio of 2.82 and a beta of 0.63. Target Corporation has a 12-month low of $48.56 and a 12-month high of $79.33.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Wednesday, November 15th will be given a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.48 dividend on an annualized basis and a yield of 4.28%. Target Corporation’s payout ratio is currently 50.10%.
A number of research firms have recently issued reports on TGT. Zacks Investment Research downgraded shares of Target Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. MKM Partners began coverage on shares of Target Corporation in a research report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target for the company. Stifel Nicolaus set a $60.00 price target on shares of Target Corporation and gave the company a “hold” rating in a research report on Wednesday, October 18th. Wells Fargo & Company began coverage on shares of Target Corporation in a research report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price target for the company. Finally, BMO Capital Markets reiterated a “market weight” rating on shares of Target Corporation in a research report on Thursday, September 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.68.
In related news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $59.37, for a total transaction of $277,792.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
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About Target Corporation
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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