J.C. Penney Company, Inc. Holding Company (JCP) Updates FY18 Earnings Guidance
J.C. Penney Company, Inc. Holding Company (NYSE:JCP) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $0.40-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.49.
Several brokerages have recently commented on JCP. B. Riley reaffirmed a neutral rating and set a $5.70 target price on shares of J.C. Penney Company, Inc. Holding in a report on Monday, May 15th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of J.C. Penney Company, Inc. Holding in a report on Saturday, May 13th. Piper Jaffray Companies set a $5.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the stock a hold rating in a report on Saturday, May 13th. UBS AG reaffirmed a sell rating and set a $4.00 target price (down from $5.00) on shares of J.C. Penney Company, Inc. Holding in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $4.00 target price on shares of J.C. Penney Company, Inc. Holding and gave the stock a hold rating in a report on Friday. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $6.06.
Shares of J.C. Penney Company, Inc. Holding Company (NYSE:JCP) opened at 3.93 on Friday. The company’s market capitalization is $1.22 billion. J.C. Penney Company, Inc. Holding Company has a 1-year low of $3.77 and a 1-year high of $11.30. The firm has a 50-day moving average of $4.97 and a 200 day moving average of $5.55.
J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings data on Friday, August 11th. The department store operator reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. J.C. Penney Company, Inc. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts expect that J.C. Penney Company, Inc. Holding Company will post $0.49 earnings per share for the current year.
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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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