J C Penney (NYSE:JCP) announced its quarterly earnings results on Tuesday. The department store operator reported ($0.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.07), Morningstar.com reports. J C Penney had a negative net margin of 2.12% and a negative return on equity of 24.80%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted ($0.22) EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year.
Shares of JCP stock opened at $1.15 on Tuesday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.27 and a current ratio of 1.52. The firm has a market capitalization of $362.24 million, a PE ratio of -1.22 and a beta of 1.05. J C Penney has a 12 month low of $0.92 and a 12 month high of $3.16.
A number of research analysts have weighed in on JCP shares. Zacks Investment Research raised shares of 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 price target on shares of J C Penney and gave the company a “hold” rating in a research note on Tuesday, February 26th. Six investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. J C Penney currently has an average rating of “Hold” and an average price target of $2.58.
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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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