JC Penney reports wider quarterly loss, shares plunge

JC Penney reports wider quarterly loss, shares plunge

The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/08/11/j-c-penney-company-inc-holding-company-nysejcp-releases-earnings-results-misses-expectations-by-0-05-eps.html. Holding from a "hold" rating to a "buy" rating in a report on Tuesday, August 1st.

J. C. Penney Company, Inc.is a holding company. Hap Trading Ltd Liability holds 0.01% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 26,144 shares.

Analysts await J C Penney Company Inc (NYSE:JCP) to report earnings on August, 11.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Zacks Investment Research raised J.C. Penney Company, Inc. This company shares are 43.74% off its target price of $6.77 and the current market capitalization stands at $1.46B. After having $0.06 EPS previously, J C Penney Company Inc's analysts see -216.67 % EPS growth. Holding in a research note on Saturday, May 13th. About shares traded. CareDx Inc (NASDAQ:CDNA) has declined 74.10% since August 9, 2016 and is downtrending. The firm's 50-day moving average is $4.98 and its 200-day moving average is $5.57. TheStreet cut J.C. Penney Company, Inc. Holding has a 12-month low of $3.77 and a 12-month high of $11.30.

The stock had given up 17.2% at 1:04 p.m. EDT. Specifically, the struggling department store chain reported a net loss of $0.09 per share, compared with consensus estimates called for a net loss of $0.05 per share.

J.C. Penney Company Inc (NYSE:JCP) has average revenue estimates of $2.83 Billion, compared to low analyst estimates of $2.73 Billion and high estimates of $2.96 Billion for the current quarter. Holding had a positive return on equity of 11.44% and a negative net margin of 0.89%. Next quarter's EPS is expected be $-0.14 with next year's EPS projected to be $0.43. In the same period of a year ago, a net loss of $0.05 per share and revenue of $2.92 billion were reported. The window for J.C. Penney to build a sustainable business seems to be closing.

For the past 5 years, Hertz Global Holdings, Inc.'s EPS growth has been almost -38.3%.

ILLEGAL ACTIVITY WARNING: This news story was reported by BNB Daily and is the sole property of of BNB Daily. If you are accessing this report on another site, it was copied illegally and reposted in violation of worldwide trademark and copyright law. Moreover, the company whose top line has missed the estimate in the trailing five quarters announced that it expects to post substantial improvement in sales in the second quarter in comparison with the first quarter. First Midwest Bank Trust Division acquired a new stake in J.C. Penney Company, Inc. The stock witnessed 1.95% gains, -10.96% declines and -33.38% declines for the 1-month, 3-month and 6-month period, respectively. Meadow Creek Investment Management LLC boosted its stake in shares of J.C. Penney Company, Inc.

Now insiders hold 14,708,244 shares in the business which makes up 4.75% of shares. Breaking that down further, it has performed -13.26% for the week, 1.95% for the month, -10.96% over the last quarter, -33.38% for the past half-year and -48.52% for this a year ago. Blackrock Inc. owns $127.47 million in J. C. Penney Company, Inc., which represents roughly 8.73% of the company's market cap and approximately 9.96% of the institutional ownership. Holding by 279.7% in the first quarter.

Related News: