J C Penney (NYSE:JCP) is scheduled to announce its earnings results before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of ($0.39) per share for the quarter.
J C Penney (NYSE:JCP) last posted its quarterly earnings results on Thursday, February 28th. The department store operator reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. J C Penney had a negative return on equity of 24.80% and a negative net margin of 2.12%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $0.57 earnings per share. On average, analysts expect J C Penney to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
J C Penney stock opened at $1.20 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.27 and a debt-to-equity ratio of 3.35. J C Penney has a 1-year low of $0.92 and a 1-year high of $3.16. The company has a market capitalization of $404.95 million, a P/E ratio of -1.28 and a beta of 1.05.
A number of analysts recently weighed in on JCP shares. Zacks Investment Research upgraded J C Penney from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Tuesday, April 30th. B. Riley set a $2.00 target price on J C Penney and gave the stock a “hold” rating in a research report on Tuesday, February 26th. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. J C Penney has an average rating of “Hold” and a consensus target price of $2.66.
A hedge fund recently raised its stake in J C Penney stock. Geode Capital Management LLC boosted its position in shares of J C Penney Company Inc (NYSE:JCP) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,180,439 shares of the department store operator’s stock after purchasing an additional 167,783 shares during the quarter. Geode Capital Management LLC owned approximately 1.01% of J C Penney worth $3,307,000 at the end of the most recent reporting period. 72.48% of the stock is owned by institutional investors.
About J C Penney
J. C. Penney Company, Inc, through its subsidiary J. C. Penney Corporation, Inc, sells merchandise through department stores. The company primarily sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings; and provides services, including styling salon, optical, portrait photography, and custom decorating services.
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