TJX Companies (TJX) Expected to Announce Earnings on Wednesday

TJX Companies (NYSE:TJX) is expected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $16.22 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect TJX Companies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $123.82 on Wednesday. The company’s fifty day moving average is $123.14 and its 200 day moving average is $119.27. The stock has a market cap of $139.20 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. TJX Companies has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TJX shares. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird increased their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.