Target Corporation (NYSE:TGT) is reporting second quarter earnings results on Wednesday 19th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.62 per share.
For the full year, analysts predict revenues of $ 83611.40 million, while looking forward to income of $ 5.14 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.70 ~ $ 7.00 per share
Click Here For More Historical Outlooks Of Target Corporation
Previous Quarter Performance
Target Corporation communicated income for the first quarter of $ 0.59 per share, from the revenue of $ 19,615.00 million. The quarterly earnings reduced 61.44 percent compared with the same quarter last year. Wall street analysts are predicting, TGT to report 1Q20 income of $ 0.68 per share from revenue of $ 18999.30 million. The bottom line results missed street analysts by $ 0.09 or 13.24 percent, at the same time, top line results outshined analysts by $ 615.70 million or 3.24 percent.
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Stock Performance
According to the previous trading day, closing price of TGT was $ 136.90, representing a 60.06 % increase from the 52 week low of $ 85.53 and a 1.29 % decrease over the 52 week high of $ 138.69.
The company has a market capital of $ 68.45 billion and is part of the Consumer Defensive sector and Discount Stores industry.
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Recent Stock Dividend Announcement
On June 11, 2020, the board of directors authorized 3Q20 dividend of $ 0.68 per share to holders of record as of the close of business on August 19, 2020, with payment date of September 10, 2020 and ex-dividend date on August 18, 2020.
Conference Call
Target Corporation will be hosting a conference call at 8:00 AM eastern time on 19th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website investors.target.com
Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials; food assortments, including perishables, dry grocery, dairy, and frozen items; and apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise. The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings.
