Wednesday, 23 January, 2019

The JC Penney (JCP) Scheduled to Post Quarterly Earnings on Friday

The JC Penney (JCP) Scheduled to Post Quarterly Earnings on Friday The JC Penney (JCP) Scheduled to Post Quarterly Earnings on Friday
Nellie Chapman | 03 March, 2018, 04:52

Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 23. The stock decreased 9.47% or $0.41 during the last trading session, reaching $3.92. About 203,644 shares traded. (NYSE:JCP) has declined 40.00% since March 1, 2017 and is downtrending.

J C Penney Company Inc (NYSE:JCP) yearly performance is -36.60% and net profit margin is -1.40%. (JCP) stock is now trading -1.13% away from its average-price of 200 days while it maintained a distance of 6.87% from its 50 Days Moving Average and 4.56% compared with the 20 Day Moving Average. The retailer's operating income from the fourth quarter of the previous year was $274 million.

Hugh Tallents, partner at the management consultancy cg42, said investors likely compared the strategies of retailers such as Best Buy and Nordstrom who also reported their earnings this week, and found J.C. Penney's lacking.

J.C. Penney Company Inc (NYSE:JCP)'s revenue estimates for the current quarter are $4.05 Billion according to 17 number of analysts, for the current quarter the company has high revenue estimates of $4.21 Billion in contradiction of low revenue estimates of $3.78 Billion. About 13.25M shares traded.

J.C. Penney's stock was down about 12 percent Friday morning on the news. (NYSE:JCP). Melvin Ltd Partnership holds 5.40 million shares. It has underperformed by 11.51% the S&P500. Its up 0.81, from 1.45 in 2017Q2.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 37 funds opened positions while 51 raised stakes. SELL rating has been given by 0 analyst (s) and 4 analyst (s) given BUY rating to the stock. Natl Bank Of Mellon Corporation has invested 0.01% in Envestnet, Inc. Point72 Asia (Hong Kong) accumulated 19,665 shares.

Investors may have various goals when it comes to making money in the stock market. Atlantic Securities downgraded J. C. Penney Company, Inc. James Investment Research Incorporated reported 0.06% stake. First Mercantile Tru owns 0.1% invested in Envestnet, Inc. (NYSE:JCP) for 400 shares. Carroll Associate Inc holds 0% or 25 shares in its portfolio. (NYSE:GRUB) by 66,585 shares to 199,720 shares, valued at $10.52M in 2017Q3, according to the filing. Same-store sales increased 2.6%, missing estimates of 2.7%. Therefore 64% are positive. J.C. Penney Company had 83 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies has "Hold" rating and $7 target.

J.C. Penney Company Inc (NYSE:JCP)'s trailing twelve month revenues are $12.44 Billion, whereas its price to sales ratio for the same period is 0.1. The rating was maintained by Morgan Stanley on Thursday, August 18 with "Underweight". (NYSE:JCP) is a huge mover today! UBS maintained Envestnet, Inc. The rating was initiated by Susquehanna on Friday, February 10 with "Positive". The rating was maintained by RBC Capital Markets on Thursday, January 4 with "Hold". (NASDAQ:CTMX) has "Outperform" rating given on Monday, November 2 by Oppenheimer. (NYSE:JCP) for 719,401 shares. Majoros Matthew sold $21,350 worth of stock or 500 shares.

Analysts await J. C. Penney Company, Inc. This showed a surprise of 23.3% in the last quarter earnings. Shares popped 15% after results were announced. Prudential Public Limited Co has 0.01% invested in J. C. Penney Company, Inc.

J.C. Penney is making some inroads in its e-commerce business. (NYSE:JCP) on Monday, October 30 to "Neutral" rating. A stock rating will usually tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. (JCP)'s value Change from Open was at -9.89% with a Gap of 0.46%.

They expect $0.45 EPS, down 42.22% or $0.19 from last year's $0.64 per share. 0 analysts call it Underweight, while 2 think it is Overweight.

Wall Street analysts are predicting that J.C. Penney Company Inc (NYSE:JCP) will report earnings per share of $0.47 in their quarterly report.

Analysts have a mean recommendation of 3 on this stock.