JC Penney Company, Inc. Holding Company (NYSE:JCP) Updates FY18 Earnings Guidance
14 Août, 2017, 04:11 | Author: Marc Bacque
J C Penney Company Inc (NYSE:JCP) cratered by more than 16% on Friday after the company's second-quarter earnings report, released before the opening bell.
JCP has been the subject of several other research reports. UBS AG reissued a "sell" rating and issued a $4.00 price target (down previously from $5.00) on shares of J.C. Penney Company, Inc. Holding in a research report on Thursday, August 3rd. CIBC reiterated a market perform rating on shares of J.C. Penney Company, Inc. Holding in a research report on Tuesday, May 23rd. Piper Jaffray Companies set a $5.00 price target on J.C. Penney Company, Inc. Citigroup Inc. lifted their target price on 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. Finally, Gordon Haskett upgraded J.C. Penney Company, Inc. Holding from a reduce rating to a hold rating and set a $4.50 target price on the stock in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. BidaskClub raised J.C. Penney Company, Inc. The company's stock had a trading volume of 116,459,933 shares. The firm has a 50-day moving average price of $4.97 and a 200 day moving average price of $5.55.
After J C Penney Q2 2017 earnings were released, the company's stock plummeted and was on track to open at a record low. Holding (NYSE:JCP) last posted its quarterly earnings data on Friday, August 11th. The department store operator reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.03. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. In last year's second quarter, J C Penney reported $2.92 billion in revenue and adjusted losses of 5 cents per share or $16 million. During the same quarter previous year, the firm earned ($0.05) earnings per share. The firm's revenue for the quarter was up 1.5% on a year-over-year basis.
J. C. Penney Company, Inc. Holding will post $0.49 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This news story was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & worldwide copyright & trademark laws. Holding by 0.9% in the first quarter.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in J.C. Penney Company, Inc. Holding during the first quarter worth $1,158,000.
The department store chain also affirmed its full-year guidance of 40 cents to 65 cents per share of JCP stock in adjusted earnings. Strs Ohio increased its position in shares of J.C. Penney Company, Inc. Holding by 59.0% in the first quarter. They now have $6.25 target price on the department store operator's stock. Teachers Advisors LLC increased its stake in J.C. Penney Company, Inc. Holding by 0.9% in the first quarter. Janney Montgomery Scott LLC now owns 19,818 shares of the department store operator's stock worth $122,000 after buying an additional 9,068 shares during the last quarter. J. C. Penney is also gradually increasing the count of Sephora stores. IL now owns 33,625 shares of the department store operator's stock valued at $156,000 after buying an additional 1,000 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of J.C. Penney Company, Inc. Holding during the fourth quarter worth about $12,324,000. Grassi Investment Management now owns 75,200 shares of the department store operator's stock worth $463,000 after buying an additional 27,900 shares in the last quarter.
About J.C. Penney Company, Inc.
J. C. Penney Company, Inc is a holding company. 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.
THE Bureau of Meteorology has issued a severe weather warning, with a strong cold front approaching the south west of the state. Residents in Perth and elsewhere have been warned to expect damaging winds later this morning as the front moves up the coast.
Six corps ont été découverts pour le moment, mais le bilan pourrait s'alourdir, de nombreuses personnes étant portées disparues. Des milliers de résidences ont été détruites dans ces intempéries qui frappent le pays himalayen depuis trois jours.
It's time to show America that we will never stop working to end bigotry, especially when it comes out of the White House. Prominent Democrats also used Twitter to comment on the racially charged events and their deadly outcomes.
BidaskClub upgraded Cenovus Energy from a "strong sell" rating to a "sell" rating in a research report on Wednesday, August 2nd. COPYRIGHT VIOLATION WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives.
Reports say that the matchups will occur at Lambeau Field in 2020 and Soldier Field in 2021, though this has yet to be confirmed. When the Badgers return to Green Bay in 2020, Wisconsin and Notre Dame will be playing for the 17th time overall.
They have the best defence from the last two seasons as they conceded the least number of goals in both campaigns respectively. He continued: "Right now, Harry Kane is one year away from being worth that, if already not being worth that".
LeBron James is known around the world as arguably the greatest basketball player of his generation, if not of all time. During the chaos, one person was killed and 35 others injured when a vehicle rammed into a crowd of counter-protesters.
The Spaniard was given limited opportunities last season and has been linked with an exit from the Emirates Stadium this summer. Jack Wilshere is reportedly "resigned to leaving Arsenal " after being left out of the Gunners' first squad of the season.
The dogfight will take place in the Fondor: Imperial Shipyard map, featuring fighters, bombers, hero ships, and more. Tune in on August 21, 2017, at 9.30am PT / 12.30pm ET / 5.30pm United Kingdom for the new footage.
President Trump stressed that Palestinians and Israelis need "direct negotiations", the United States official added. According to a senior Israeli official, the delegation is evidently expected to arrive in the last week of August.
In response, North Korea announced a detailed plan to fire ballistic missiles towards Guam, a US territory in the Pacific. Who said it: Trump or Kim? "We are going to continue to work the issue", Mattis told a Pentagon news conference.
Des œufs contaminés dans le Pas-de-Calais
Le ministre de l'Agriculture a reçu dans les nuit les résultats de l'enquête de l'Anses ( Agence nationale de sécurité sanitaire de l'alimentation) sur les œufs contaminés au fipronil .