TJX Companies Inc (TJX) Expected to Post Earnings of $1.27 Per Share
Wall Street brokerages expect that TJX Companies Inc (NYSE:TJX) will announce earnings of $1.27 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for TJX Companies’ earnings. The highest EPS estimate is $1.35 and the lowest is $1.24. TJX Companies reported earnings of $1.03 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The company is scheduled to report its next earnings results on Wednesday, February 28th.
On average, analysts expect that TJX Companies will report full-year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.01. For the next year, analysts expect that the business will post earnings of $4.32 per share, with EPS estimates ranging from $4.14 to $4.75. Zacks’ EPS calculations are an average based on a survey of analysts that follow TJX Companies.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter last year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.
TJX Companies (TJX) opened at $78.89 on Friday. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $50,200.00, a P/E ratio of 21.32, a PEG ratio of 1.83 and a beta of 0.75.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.58%. TJX Companies’s dividend payout ratio (DPR) is currently 33.78%.
Institutional investors have recently modified their holdings of the stock. Scotia Capital Inc. raised its stake in shares of TJX Companies by 9.4% in the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after buying an additional 4,661 shares during the period. Northern Capital Management LLC raised its stake in shares of TJX Companies by 34.5% in the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after buying an additional 13,750 shares during the period. Tillar Wenstrup Advisors LLC bought a new stake in shares of TJX Companies in the third quarter valued at $2,083,000. Gofen & Glossberg LLC IL raised its stake in shares of TJX Companies by 7.9% in the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares during the period. Finally, Curbstone Financial Management Corp raised its stake in shares of TJX Companies by 100.0% in the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after buying an additional 17,436 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.
TRADEMARK VIOLATION WARNING: “TJX Companies Inc (TJX) Expected to Post Earnings of $1.27 Per Share” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/20/tjx-companies-inc-tjx-expected-to-post-earnings-of-1-27-per-share.html.
TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.