J C Penney (JCP) Releases FY19 Earnings Guidance
J C Penney (NYSE:JCP) updated its FY19 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.05-0.25 for the period, compared to the Thomson Reuters consensus estimate of $0.23.
A number of research firms have commented on JCP. Guggenheim restated a hold rating on shares of J C Penney in a report on Friday. ValuEngine cut shares of J C Penney from a hold rating to a sell rating in a report on Thursday. Robert W. Baird set a $4.00 price target on shares of J C Penney and gave the stock a hold rating in a report on Thursday, January 4th. B. Riley set a $4.00 price target on shares of J C Penney and gave the stock a hold rating in a report on Friday, January 5th. Finally, Piper Jaffray Companies set a $4.00 price target on shares of J C Penney and gave the stock a hold rating in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the stock. J C Penney presently has a consensus rating of Hold and a consensus target price of $4.47.
J C Penney (JCP) opened at $3.71 on Friday. The stock has a market cap of $1,160.00, a PE ratio of -5.98, a PEG ratio of 1.40 and a beta of 0.50. J C Penney has a twelve month low of $2.35 and a twelve month high of $6.40. The company has a current ratio of 1.44, a quick ratio of 0.16 and a debt-to-equity ratio of 3.95.
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About J C Penney
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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