TJX Companies (TJX) Releases FY 2019 Earnings Guidance
TJX Companies (NYSE:TJX) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.41-2.43 for the period, compared to the Thomson Reuters consensus estimate of $2.47. TJX Companies also updated its FY19 guidance to $2.41-2.43 EPS.
TJX Companies stock opened at $46.82 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. TJX Companies has a 12-month low of $35.05 and a 12-month high of $56.64. The firm has a market cap of $60.59 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.82 and a beta of 0.65.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter in the previous year, the company earned $1.00 EPS. TJX Companies’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that TJX Companies will post 2.47 EPS for the current fiscal year.
TJX has been the topic of a number of research reports. Guggenheim reiterated a buy rating on shares of TJX Companies in a research report on Tuesday, August 21st. Buckingham Research boosted their target price on shares of TJX Companies from $50.00 to $56.00 and gave the company a buy rating in a research report on Monday, August 20th. Deutsche Bank boosted their target price on shares of TJX Companies from $50.00 to $52.50 and gave the company a buy rating in a research report on Monday, August 20th. Citigroup boosted their target price on shares of TJX Companies from $48.00 to $55.50 and gave the company a buy rating in a research report on Tuesday, July 31st. Finally, Cowen reiterated a buy rating and set a $57.00 target price on shares of TJX Companies in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $53.46.
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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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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