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.

Three Kashmiri youths martyred, several injured in occupied Kashmir
Sources said Yattu's death is a crushing blow to Hizb outfit after the killing of Burhan Wani on July 8 a year ago . Sources said that earlier it was presumed that Adil Malik along with Umar and Irfan were killed in the gunfight.

Delhi: Ex-Manipur minister's son falls from terrace in Hauz Khas, dies
Apart from questioning restaurant staff, police was examining the closed-circuit television footage from the restaurant. We are probing if it was an accidental fall or if he was pushed off the terrace. "We are probing all angles.

President Trump calls opioid crisis 'national emergency'
There's never been anything like whats happened to this country over the last four or five years. Shelley Moore Capito, R-W.Va., said in a statement .

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.



Découverte d'œufs contaminés au Fipronil — Pays basque espagnol
Ce sont les ministères de l'Agriculture et de la Santé qui ont saisi l'Agence le 7 août dernier. Ces œufs ont été consommés sans impact sur la santé.

Barnaby Joyce refers himself to the High Court over citizenship cloud
Of the four, possibly five, MPs recently found to hold dual citizenship, only the two Greens senators completely resigned. Holding public office as a dual citizen is not allowed under Australia's constitution.

One dead after tour bus hits pedestrians in downtown Vancouver
First responders retrieved him from under the bus, and were seen performing CPR on him before he was taken to hospital. Witnesses told CTV that the pedestrians were loading or unloading their luggage from the vehicle when they were hit.

Lalu demands CBI probe into Rs 500 cr scam involving Sushil Modi
Sushil Kumar Modi denied having anything to do with the scam. "Why would we do so if we were involved in it?" said Sushil Modi. He should lodge an FIR against Modi and have him arrested.

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 .

[INFOGRAPHIE] Le Fipronil au cœur de l'enquête sur les œufs contaminés
En France, il peut également figurer dans des biocides notamment des produits anti-fourmis ou anti-cafards. En revanche, aucune préparation phytosanitaire à base de fipronil n'est autorisée.

UK, US Looking for Diplomatic Solution to N Korean Crisis
Michael Ahrens, the RNC's rapid-response director, sent the video of Ellison's comment to reporters, calling it "insane" and and challenging Democrats to respond.

Fayetteville holds community vigil standing by Charlottesville
At 7 p.m., a candlelight vigil will take place in Lafayette Park, across the street from the White House. Organizers said they picked that spot because they feel it's important to keep Olango's memory alive.

The "Face" Of The White Nationalist Rally Speaks Out!
White nationalists aren't all hateful; we just want to preserve what we have". Among those identified was Peter Cvjetanovic of Reno, Nev.

Former Barcelona star Neymar starts for PSG against Guingamp
Neymar's last match was for Barcelona in a 3-2 friendly win over Real Madrid in the United States on July 30. The football player of 25 years, father of a 6 year old son, also appears to be an awesome heartbreaker.