Zacks: Brokerages Anticipate TJX Companies Inc (TJX) Will Post Earnings of $0.68 Per Share
Equities analysts expect TJX Companies Inc (NYSE:TJX) to report earnings of $0.68 per share for the current quarter, according to Zacks. Eight analysts have made estimates for TJX Companies’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.73. TJX Companies reported earnings of $0.69 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 27th.
On average, analysts expect that TJX Companies will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.42 to $2.51. For the next year, analysts expect that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.54 to $2.73. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for TJX Companies.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The business had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of TJX. Marshall Wace North America L.P. purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $776,000. Vanguard Group Inc. increased its stake in shares of TJX Companies by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 49,232,312 shares of the apparel and home fashions retailer’s stock worth $5,515,004,000 after purchasing an additional 593,647 shares in the last quarter. Morgan Stanley increased its stake in shares of TJX Companies by 7.1% during the 3rd quarter. Morgan Stanley now owns 3,380,174 shares of the apparel and home fashions retailer’s stock worth $378,648,000 after purchasing an additional 224,439 shares in the last quarter. Kepos Capital LP increased its stake in shares of TJX Companies by 160.7% during the 3rd quarter. Kepos Capital LP now owns 49,627 shares of the apparel and home fashions retailer’s stock worth $5,559,000 after purchasing an additional 30,588 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $313,000. 44.59% of the stock is owned by institutional investors.
Shares of NYSE:TJX opened at $45.29 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.63. The stock has a market capitalization of $58.17 billion, a P/E ratio of 22.42, a PEG ratio of 1.77 and a beta of 0.61. TJX Companies has a 52 week low of $36.41 and a 52 week high of $56.64.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Thursday, February 14th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.78 dividend on an annualized basis and a yield of 1.72%. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.
TJX Companies Company Profile
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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