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TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View

By Zacks Investment ResearchStock MarketsFeb 27, 2018 10:44PM ET
www.investing.com/analysis/tjx-companies-tjx-lags-q4-earnings-provides-fy19-view-200295166
TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View
By Zacks Investment Research   |  Feb 27, 2018 10:44PM ET
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The TJX Companies, Inc. (NYSE:TJX) , a leading off-price retailer, recently came out with its fourth-quarter fiscal 2018 results wherein adjusted earnings of $1.19 missed the Zacks Consensus Estimate of $1.28. However adjusted earnings depicted an increase of 15.5% from the prior-year quarter. Adjusted earnings for fiscal 2018 increased 9.1% from the prior-year to reach $3.85.

For the first-quarter and for fiscal 2019 the company expects adjusted earnings in the range of 85–87 cents and $4.00–$4.08 respectively.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 has increased by a cent in the last 30 days. In the trailing four quarters, excluding the quarter under review, the company outperformed the Zacks Consensus Estimate by an average of 2%.

TJX Companies, Inc. (The) Price, Consensus and EPS Surprise

Revenues: TJX Companies generated total sales of $10,961 million that increased 15.8% year over year and came ahead of the Zacks Consensus Estimate of $10,789 million. For fiscal 2018 revenues came in at $35.9 billion, depicting an 8% growth from the prior year figure.

Key Events: Management intends to increase quarterly dividend rates by 25% to 39 cents per share. Further the company has also announced a share repurchase program worth $2.5 to $3.0 billion to be carried out during fiscal 2019.

Zacks Rank: Currently, TJX Companies carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on TJX Companies earnings report!

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TJX Companies, Inc. (The) (TJX): Free Stock Analysis Report

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TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View
 

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TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View

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