Research Analysts Offer Predictions for J.C. Penney Company, Inc. Holding Company’s Q1 2019 Earnings (JCP)

J.C. Penney Company, Inc. Holding Company (NYSE:JCP) – Stock analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for J.C. Penney Company, Inc. Holding in a research note issued on Monday. B. Riley analyst J. Van. Sinderen expects that the department store operator will earn ($0.13) per share for the quarter. B. Riley has a “Hold” rating and a $3.50 price objective on the stock. B. Riley also issued estimates for J.C. Penney Company, Inc. Holding’s Q2 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.40 EPS.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded J.C. Penney Company, Inc. Holding from a “sell” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Tuesday, July 18th. Citigroup Inc. raised their price objective on J.C. Penney Company, Inc. Holding from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Jefferies Group LLC restated a “hold” rating and set a $4.00 price objective on shares of J.C. Penney Company, Inc. Holding in a research note on Thursday, September 14th. Atlantic Securities cut J.C. Penney Company, Inc. Holding from an “overweight” rating to a “neutral” rating in a research note on Friday, October 27th. Finally, UBS AG cut J.C. Penney Company, Inc. Holding from a “positive” rating to a “neutral” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. J.C. Penney Company, Inc. Holding currently has an average rating of “Hold” and a consensus price target of $5.03.

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J.C. Penney Company, Inc. Holding (NYSE:JCP) traded up $0.12 during mid-day trading on Tuesday, hitting $3.10. 7,759,138 shares of the stock were exchanged, compared to its average volume of 19,302,633. J.C. Penney Company, Inc. Holding has a twelve month low of $2.35 and a twelve month high of $10.74. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.44 and a quick ratio of 0.16. The firm has a market capitalization of $926.01, a P/E ratio of 10.54 and a beta of 0.53.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last issued its quarterly earnings data on Friday, November 10th. The department store operator reported ($0.33) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.10. J.C. Penney Company, Inc. Holding had a negative net margin of 1.43% and a positive return on equity of 7.60%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company earned ($0.21) earnings per share. J.C. Penney Company, Inc. Holding’s revenue for the quarter was down 1.8% on a year-over-year basis.

In other news, CFO Jeffrey A. Davis purchased 50,000 shares of J.C. Penney Company, Inc. Holding stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $3.62 per share, for a total transaction of $181,000.00. Following the acquisition, the chief financial officer now directly owns 72,645 shares in the company, valued at $262,974.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Javier G. Teruel purchased 135,135 shares of J.C. Penney Company, Inc. Holding stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $3.64 per share, with a total value of $491,891.40. Following the completion of the acquisition, the director now owns 518,970 shares in the company, valued at $1,889,050.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 310,135 shares of company stock worth $1,111,391. Company insiders own 1.02% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of J.C. Penney Company, Inc. Holding during the 2nd quarter valued at about $311,000. Geode Capital Management LLC lifted its holdings in J.C. Penney Company, Inc. Holding by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 2,324,781 shares of the department store operator’s stock worth $14,320,000 after purchasing an additional 106,121 shares during the last quarter. Rhumbline Advisers lifted its holdings in J.C. Penney Company, Inc. Holding by 10.6% in the 2nd quarter. Rhumbline Advisers now owns 629,809 shares of the department store operator’s stock worth $2,929,000 after purchasing an additional 60,340 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in J.C. Penney Company, Inc. Holding in the 2nd quarter worth approximately $5,140,000. Finally, California Public Employees Retirement System lifted its holdings in J.C. Penney Company, Inc. Holding by 3.3% in the 2nd quarter. California Public Employees Retirement System now owns 1,238,233 shares of the department store operator’s stock worth $5,758,000 after purchasing an additional 39,800 shares during the last quarter. Institutional investors and hedge funds own 70.46% of the company’s stock.

J.C. Penney Company, Inc. Holding Company Profile

J. C. Penney Company, Inc is a holding company. The Company’s business consists of selling merchandise and services to consumers through its department stores and its Website at jcpenney.com. 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.

Earnings History and Estimates for J.C. Penney Company, Inc. Holding (NYSE:JCP)

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