Wall Street brokerages predict that J.C. Penney Company, Inc. Holding Company (NYSE:JCP) will post ($0.18) earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for J.C. Penney Company, Inc. Holding’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.31). J.C. Penney Company, Inc. Holding posted earnings of ($0.21) per share in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is expected to announce its next earnings report on Friday, November 10th.

On average, analysts expect that J.C. Penney Company, Inc. Holding will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.52. For the next year, analysts anticipate that the company will report earnings of $0.38 per share, with EPS estimates ranging from $0.05 to $0.50. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for J.C. Penney Company, Inc. Holding.

J.C. Penney Company, Inc. Holding (NYSE:JCP) last released its earnings results on Friday, August 11th. The department store operator reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $2.84 billion. J.C. Penney Company, Inc. Holding had a positive return on equity of 10.55% and a negative net margin of 0.94%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share.

A number of analysts recently weighed in on JCP shares. Zacks Investment Research upgraded shares of J.C. Penney Company, Inc. Holding from a “sell” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Tuesday, July 18th. BidaskClub upgraded shares of J.C. Penney Company, Inc. Holding from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Northcoast Research reiterated a “buy” rating and issued a $9.00 price target on shares of J.C. Penney Company, Inc. Holding in a research report on Monday, August 14th. B. Riley reiterated a “buy” rating and issued a $4.30 price target on shares of J.C. Penney Company, Inc. Holding in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $6.00 price target on shares of J.C. Penney Company, Inc. Holding and gave the company a “hold” rating in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. J.C. Penney Company, Inc. Holding currently has a consensus rating of “Hold” and a consensus price target of $5.80.

J.C. Penney Company, Inc. Holding (NYSE JCP) opened at 4.15 on Tuesday. The stock has a 50 day moving average of $4.26 and a 200 day moving average of $5.01. J.C. Penney Company, Inc. Holding has a 52-week low of $3.45 and a 52-week high of $10.74. The stock’s market capitalization is $1.29 billion.

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In other J.C. Penney Company, Inc. Holding news, Director Javier G. Teruel purchased 135,135 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $3.64 per share, with a total value of $491,891.40. Following the acquisition, the director now directly owns 518,970 shares of the company’s stock, valued at approximately $1,889,050.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Marvin R. Ellison purchased 100,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of $3.48 per share, with a total value of $348,000.00. Following the acquisition, the chairman now directly owns 2,852,280 shares in the company, valued at $9,925,934.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 310,135 shares of company stock valued at $1,111,391 in the last ninety days. Insiders own 1.02% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC acquired a new stake in J.C. Penney Company, Inc. Holding during the 2nd quarter valued at $311,000. Lenox Wealth Management Inc. lifted its holdings in J.C. Penney Company, Inc. Holding by 93.5% during the 2nd quarter. Lenox Wealth Management Inc. now owns 71,386 shares of the department store operator’s stock valued at $332,000 after purchasing an additional 34,486 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in J.C. Penney Company, Inc. Holding by 78.2% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 1,256,635 shares of the department store operator’s stock valued at $5,843,000 after purchasing an additional 551,645 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in J.C. Penney Company, Inc. Holding by 22.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 795,017 shares of the department store operator’s stock valued at $3,697,000 after purchasing an additional 143,861 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in J.C. Penney Company, Inc. Holding by 3.3% during the 2nd quarter. California Public Employees Retirement System now owns 1,238,233 shares of the department store operator’s stock valued at $5,758,000 after purchasing an additional 39,800 shares during the last quarter. 71.96% of the stock is owned by institutional investors and hedge funds.

About J.C. Penney Company, Inc. Holding

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.

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

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