JC Penney Company, Inc. Earnings Ahead: Quick Glance

JC Penney stock higher from a better results than expected

Depending on the earnings numbers reported, J. C. Penney Company, Inc. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Robert W. Baird set a $3.00 target price on shares of J.C. Penney Company, Inc.

Since the start of the New Year, J. C. Penney Company, Inc. The stock's price to sales ratio for trailing twelve months is 0.26 and price to book ratio for the most recent quarter is 0.72, whereas price to cash per share for the most recent quarter are 2.01.

In terms of Buy, Sell or Hold recommendations, J.C. Penney Company Inc (NYSE:JCP) has analysts' mean recommendation of 3. Holding during the second quarter worth about $311,000.

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The news stanched, at least for a moment, an extended selloff in company shares, which accelerated last month when the Plano, Texas-based chain warned that it would be forced to liquidate poor-selling merchandise. Tudor Investment Corp ET AL increased its position in J.C. Penney Company, Inc.

Data source: J.C. Penney Q3 earnings report. Holding by 13.9% in the second quarter.

As of 1540 GMT, shares had gained 15.73% to $3.20 each. Insiders own 1.02% of the company's stock. Holding Company (NYSE JCP) traded up $0.22 on Thursday, hitting $2.73. Earnings surprises can have a huge impact on a company's stock price. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.45 and a quick ratio of 0.24. (JCP) will report its next earnings on Nov 10 BMO. Adjusted earnings came in at a net loss of 33 cents a share. Holding had a negative net margin of 0.94% and a positive return on equity of 10.55%.

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Total sales for the quarter were down 1.8% to $2.18 billion, with company officials pointing to the closure of 139 stores as the key reason for the decline. During the same quarter past year, the firm posted ($0.05) earnings per share. The company's distance from 52-week high price is -29.80% and the current price is 38.25% away from 52-week low price.

JCP has been the topic of a number of other research reports. Citigroup Inc. upped their target price on J.C. Penney Company, Inc. Bank of America Corp. upgraded shares of J.C. Penney from a neutral rating to a buy rating and boosted their price objective for the stock from $9.53 to $12.00 in a report on Friday. The Company ended the quarter with liquidity of approximately $2.0 billion. J.C. Penney has a one year low of $6.00 and a one year high of $11.99. A rating of 4 or 5 would indicate a Sell. Finally, Teachers Advisors Inc. raised its stake in J.C. Penney by 13.3% in the second quarter. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Analysts have a 12-month consensus price target for the stock of $5.71. Holding news, CFO Jeffrey A. Davis acquired 50,000 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd.

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