13 May, 2017
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for J. C. Penney Company, Inc. the EPS stands at 0.64 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.61, suggesting the stock exceeded the analysts' expectations.
J C Penney Company (NYSE:JCP) last posted its quarterly earnings data on Friday, February 24th. It also reiterated that earnings excluding some items will be 40 cents to 65 cents a share. (JCP) is expected to post revenue of $2.85 Billion in the current quarter, according to consensus of 18 analysts. Analysts had been expecting losses of 21 cents per share and $2.78 billion in sales. The department store operator reported $0.64 EPS for the quarter, beating the Zacks' consensus estimate of $0.61 by $0.03. For some highly indebted names such as Sears, and to a lesser extent J.C. Penney, the volatile operating backdrop could be stoking concerns on whether the businesses will be around in five years time.
Penney shares have decreased 36 percent since the beginning of the year. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
Traditional department stores are attempting to steal share wherever they can find it. The company now has an average rating of Hold and a consensus target price of $8.74.
Sales at sporting goods, hobby, music and book stores dropped 2.4%. But given that Penney launched its own line a few years ago, Xersion, and one it has featured prominently in stores, it shouldn't have seen apparel sales decimated by this trend. Analysts estimated 46 cents. Buy rating has been given by 2 analysts to the company stock whereas 4 analysts given UNDERPERFORM rating to stock and 10 analysts given HOLD rating.
The Company reaffirmed its 2017 full year guidance.
Shares of J C Penney Company Inc (NYSE:JCP) opened at 5.29 on Friday. Dillard's Inc., a smaller regional chain, also reported weak sales on Thursday.
But sales at United States department stores in April fell 3.7% year-on-year, marking a two-year run of annual declines, the Commerce Department said. Robert W. Baird set a $11.00 price objective on J C Penney Company and gave the company a buy rating in a research report on Tuesday, January 17th. Robert W. Baird reiterated an "outperform" rating and issued a $11.00 price target on shares of J C Penney Company in a report on Wednesday, February 22nd.
J. C. Penney Company, Inc is a holding company.