J.C. Penney Company, Inc. Holding Company (NYSE:JCP) will release its earnings data on Friday, August 11th. Analysts expect J.C. Penney Company, Inc. Holding to post earnings of ($0.05) per share for the quarter. J.C. Penney Company, Inc. Holding has set its FY18 guidance at $0.40-0.65 EPS.
J.C. Penney Company, Inc. Holding (NYSE:JCP) last posted its quarterly earnings data on Friday, May 12th. The department store operator reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.27. J.C. Penney Company, Inc. Holding had a negative net margin of 0.89% and a positive return on equity of 11.44%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the firm posted ($0.22) earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts expect J.C. Penney Company, Inc. Holding to post $0.49 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.
Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) opened at 5.16 on Thursday. The stock’s 50 day moving average is $4.93 and its 200 day moving average is $5.62. J.C. Penney Company, Inc. Holding Company has a 1-year low of $4.17 and a 1-year high of $11.30. The firm’s market capitalization is $1.60 billion. J.C. Penney Company, Inc. Holding also was the target of some unusual options trading activity on Monday. Stock investors purchased 47,850 put options on the stock. This represents an increase of approximately 803% compared to the average daily volume of 5,301 put options.
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JCP has been the subject of several research analyst reports. Telsey Advisory Group upped their target price on shares of J.C. Penney Company, Inc. Holding from $7.00 to $11.00 and gave the company an “outperform” rating in a report on Monday, May 15th. ValuEngine upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a report on Tuesday, May 16th. BidaskClub upgraded shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC restated a “hold” rating and issued a $7.00 target price on shares of J.C. Penney Company, Inc. Holding in a report on Tuesday, July 4th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of J.C. Penney Company, Inc. Holding in a report on Saturday, May 13th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $6.49.
About J.C. Penney Company, Inc. Holding
J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. Its department stores and Website generally serve the same type of customers, its Website offers virtually the same mix of merchandise as its store assortment and other categories, and its department stores generally accept returns from sales made in stores and through its Website.
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