Third-quarter revenue is forecast to come in at $12.29 billion, up 3.8% sequentially and down 2.0% year over year. Adjusted EPS are pegged at $0.80, up 16.1% sequentially and 2.4% lower year over year. For the 2023 fiscal year ending in January, analysts expect EPS of $3.1, up 33.5%, on sales of $49.81 billion, up 2.6%.
TJX’s stock trades at 23.8 times expected 2023 EPS and 16.9 times estimated 2025 earnings of $3.91. The 2024 estimate is unavailable. The stock’s 52-week range is $53.69 to $77.35. TJX pays an annual dividend of $1.18 (yield of 1.6%). Total shareholder return for the past 12 months was 9.3%.
Zim Integrated Shipping
Shares of Zim Integrated Shipping Inc. (NYSE: ZIM) have been on a roller-coaster for the past year. When the Israel-based container shipping firm reported fourth-quarter results in March, shares had gained more than 300% year over year. That gain dwindled to about 140% when first-quarter results were released in May. Now, six months later, shares have posted a 12-month loss of about 46%.
Zim’s dividend policy was changed for the second quarter and now comprises a distribution of approximately 30% (up from 20%) of net quarterly income in the first three quarters of the year. The annual dividend is expected to total 30% to 50% of the annual net income.
Of seven brokerages covering Zim, only one has a Buy rating, while five have Hold ratings and the other has a Strong Sell rating. At a share price of around $27.00, the stock trades at its median price target. At the high target of $80.00, the upside potential is 196%.
For the company’s third quarter of fiscal 2022, the consensus revenue estimate is $3.16 billion, down 7.9% sequentially and up less than 1% year over year. Adjusted EPS are forecast at $9.39, down 15.1% sequentially and by 22.8% year over year. For the fiscal year, current estimates call for EPS of $40.07, up 2.6%, on sales of $12.69 billion, up by 18.3%.
Zim stock trades at 0.7 times expected 2022 EPS, 3.3 times estimated 2023 earnings of $8.13 and 8.9 times estimated 2024 earnings of $3.03 per share. The stock’s 52-week range is $22.34 to $91.23. The company pays an annual dividend of $27.10 (yield of 100.7%). Total shareholder return for the past year was negative 18.5%.
Originally published at 24/7 Wall St.
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