J C Penney (NYSE:JCP) posted its earnings results on Friday. The department store operator reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.25, RTT News reports. J C Penney had a negative return on equity of 29.24% and a negative net margin of 2.38%. The business had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the business earned ($0.52) EPS. J C Penney’s revenue for the quarter was down 10.1% compared to the same quarter last year.

NYSE JCP traded up $0.07 during trading hours on Friday, reaching $1.17. 27,977,093 shares of the company’s stock were exchanged, compared to its average volume of 9,448,068. The company’s 50-day moving average is $0.99 and its two-hundred day moving average is $0.97. J C Penney has a one year low of $0.53 and a one year high of $1.91. The company has a debt-to-equity ratio of 4.86, a quick ratio of 0.21 and a current ratio of 1.37. The company has a market capitalization of $362.33 million, a price-to-earnings ratio of -1.24 and a beta of 1.63.

Separately, B. Riley assumed coverage on J C Penney in a research note on Friday, August 16th. They set a “hold” rating and a $1.00 target price for the company. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $1.44.

In other J C Penney news, Director Lisa A. Payne bought 230,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $0.79 per share, with a total value of $181,700.00. Following the purchase, the director now owns 517,890 shares in the company, valued at $409,133.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle Wlazlo purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average cost of $0.59 per share, with a total value of $59,000.00. Following the completion of the purchase, the executive vice president now directly owns 1,000,100 shares in the company, valued at $590,059. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 830,000 shares of company stock valued at $535,700. 1.41% of the stock is owned by company insiders.

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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Earnings History for J C Penney (NYSE:JCP)

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