Target Corporation (TGT) Scheduled to Post Earnings on Wednesday
Target Corporation (NYSE:TGT) will be posting its quarterly earnings results before the market opens on Wednesday, November 15th. Analysts expect Target Corporation to post earnings of $0.85 per share for the quarter. Target Corporation has set its Q3 guidance at $0.75-0.95 EPS and its FY18 guidance at $4.34-4.54 EPS.
Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The company had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts expect Target Corporation to post $5 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Target Corporation (NYSE TGT) opened at $60.40 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.91 and a debt-to-equity ratio of 0.98. Target Corporation has a 52 week low of $48.56 and a 52 week high of $79.33. The firm has a market capitalization of $33,538.63, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio is currently 50.00%.
A number of equities research analysts have weighed in on the company. BidaskClub upgraded Target Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Vetr lowered Target Corporation from a “buy” rating to a “hold” rating and set a $57.89 target price on the stock. in a report on Thursday, August 17th. MKM Partners boosted their target price on Target Corporation from $58.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised Target Corporation from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, October 10th. Finally, TheStreet raised Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $64.06.
In other news, insider Hourigan Rice Jacqueline sold 4,679 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.
Target Corporation Company Profile
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.
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