TJX Companies (TJX) to Release Quarterly Earnings on Tuesday

TJX Companies (NYSE:TJX) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $0.55 per share for the quarter. TJX Companies has set its Q1 guidance at $0.53-0.54 EPS and its FY20 guidance at $2.55-2.60 EPS.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts expect TJX Companies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE:TJX opened at $52.48 on Tuesday. TJX Companies has a 12 month low of $41.49 and a 12 month high of $56.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. The firm has a market cap of $63.75 billion, a PE ratio of 24.87, a P/E/G ratio of 1.89 and a beta of 0.66.

TJX Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 27th that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.23 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is presently 36.97%.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Telsey Advisory Group raised shares of TJX Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $56.00 in a report on Thursday, January 31st. Argus raised their target price on shares of TJX Companies to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Robert W. Baird assumed coverage on shares of TJX Companies in a report on Monday. They set an “outperform” rating for the company. Finally, Morgan Stanley raised their target price on shares of TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.58.

In other TJX Companies news, EVP Richard Sherr sold 43,000 shares of TJX Companies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $54.08, for a total value of $2,325,440.00. Following the completion of the transaction, the executive vice president now owns 118,708 shares of the company’s stock, valued at $6,419,728.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 25,000 shares of TJX Companies stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $54.97, for a total transaction of $1,374,250.00. Following the completion of the transaction, the executive vice president now directly owns 134,675 shares of the company’s stock, valued at approximately $7,403,084.75. The disclosure for this sale can be found here. Insiders sold 109,498 shares of company stock valued at $5,933,022 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “TJX Companies (TJX) to Release Quarterly Earnings on Tuesday” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2019/05/14/tjx-companies-tjx-to-release-quarterly-earnings-on-tuesday.html.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

Recommended Story: 12b-1 Fees

Earnings History for TJX Companies (NYSE:TJX)

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.



Leave a Reply