The TJX Companies Q3 Earnings Beat Expectations, but Q4 and Full-Year Forecasts Come up Short (TJX)

The TJX Companies Q3 Earnings Beat Expectations, but Q4 and Full-Year Forecasts Come up Short (TJX)

RSS

Discount apparel and home goods retailer The TJX Companies, Inc. (TJX) on Tuesday posted better-than-expected third quarter earnings results, although its outlook for the remainder of the year was a bit more reserved.

The Framingham, MA-based company reported third quarter net income of $462 million, or 62 cents per share, compared with $406 million, or 53 cents per share, in the year-ago period.

Revenue rose 11% from last year to $6.41 billion.

On average, Wall Street analysts expected a smaller profit of 61 cents per share, on smaller revenue of $6.39 billion.

For the fourth quarter, TJX forecast adjusted earnings of 72-75 cents per share, which would miss analysts’ view of 76 cents. For the full fiscal year, the company anticipates earnings of $2.45 to $2.48, which would is slightly below Wall Street expectations for $2.49 per share.

The TJX Companies shares posted small gains in premarket trading Tuesday.

The Bottom Line
Shares of The TJX Companies (TJX) have a 1.12% dividend yield, based on last night’s closing stock price of $40.97. The stock has technical support in the $37-$38 price area. If the shares can firm up, we see overhead resistance around the $43-$44 price levels.

The TJX Companies, Inc. (TJX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today