The high-yield issue of debt has a 7.4% coupon and will mature on April 1, 2037. Sarah Diesker, the Vice President of Growth and Business Development at data analysis company Ansira, says that JCP was able to identify where it was performing well and better focus on it with this move.
JCP has been the topic of several recent analyst reports. Brant Point Invest Mgmt Ltd reported 0.07% in J C Penney Company Inc (NYSE:JCP). Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.45 earnings per share. The stock has "Hold" rating by Evercore on Wednesday, August 5. The stock has dropped -25.49% from its peak and the consensus price target for the stock is $10.49 a share. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. (NYSE:JCP) traded at an unexpectedly low level on 05/18/2017 when the stock experienced a -3.85% loss to a closing price of $4.49. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has an average rating of "Hold" and a consensus price target of $7.65.
Some buy side analysts are also providing their Analysis on J. C. Penney Company, Inc., where 3 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 15 said it's a HOLD, 1 reported it as Underperform and 1 analysts rated the stock as Sell. The company now has an average volume of 20.93 Million. The Stock is showing a P/E ratio of 0 and Forward P/E ratio of 8.48. J C Penney Company had a negative return on equity of 4.66% and a negative net margin of 2.56%. The stock has a 50-day moving average of $5.62 and a 200 day moving average of $7.20.
J C Penney Company (NYSE:JCP) last issued its quarterly earnings results on Friday, May 12th. The department store operator reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.27.
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J.C. Penney Company Inc (NYSE:JCP)'s revenue estimates for the current quarter are $2.83 Billion according to 21 number of analysts, for the current quarter the company has high revenue estimates of $2.97 Billion in contradiction of low revenue estimates of $2.73 Billion. (JCP) stock; watched recent volatility movements, they can see that shares have been recorded at 8.66% for the week, and 4.62% for the last month.
JCP has been paying dividends since 1922 and has raised their dividend for 0 consecutive years. The company posted an earnings surprise of 128.6%.
Hedge funds and other institutional investors own 85.70% of the company's stock. Market Capitalization if basically the market value of the company's shares outstanding. Lazard Asset Management LLC now owns 17,896,394 shares of the department store operator's stock worth $165,004,000 after buying an additional 517,172 shares during the last quarter. Vanguard Group Inc. increased its position in J C Penney Company by 5.6% in the first quarter. State Treasurer State Of Michigan holds 0.01% of its portfolio in J C Penney Company Inc (NYSE:JCP) for 124,140 shares. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". If you are reading this story on another site, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright law. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of global copyright & trademark laws.
Let's have a look at some of the important valuation ratios of the J.C. Penney Company, Inc. 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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