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4-Traders Homepage  >  Equities  >  Nyse  >  J C Penney Company Inc    JCP

Delayed Quote. Delayed  - 11/17 10:01:39 pm
3.29 USD   +4.11%
11/17 KOHL : WalletHub report names best stores for Black Friday
11/17 J C PENNEY : Volunteers make Warm The Children work
11/17 J C PENNEY : Dillard's
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J C Penney : Penney Soars on Q3 Sales

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11/10/2017 | 09:17pm CET
J C Penney Company Inc (NYSE: JCP) shares rose in Friday trading after the company reported strong sales for its third quarter. The Plano, Texas-based company declared total net sales decreased 1.8 % to $2.81 billion in the third quarter compared to $2.86 billion in the same period last year, primarily the result of the 139 stores closed this year through the end of the third quarter. Comparable sales increased 1.7 % for the third quarter, resulting in a positive two-year stack of 0.9 %. Marvin R. Ellison, chairman and chief executive officer said, "During the third quarter, we took aggressive actions to clear slow-moving inventory, primarily allowing for an improved apparel assortment heading in to the Holiday season. "While these actions had a negative short-term impact on profitability in the third quarter, we firmly believe it was the right decision for the Company as we transition into the fourth quarter and fiscal 2018." Home, Sephora, Footwear and Handbags, Women's Specialty and Salon were the Company's top performing divisions during the quarter. Geographically, the Gulf Coast and Midwest were the best performing regions of the country. For the third quarter, the Company's net loss was $128 million, or $0.41 per share, compared to a net loss of $67 million, or $0.22 per share in the same period last year. In the last hour of trade, Penney stock soared 40 cents, or 14.6%, to $3.15.

Copyright © 2017 Baystreet.ca Media Corp. All rights reserved., source Standard Equities Feed

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Latest news on J C PENNEY COMPANY INC
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Financials ($)
Sales 2018 12 450 M
EBIT 2018 349 M
Net income 2018 -188 M
Debt 2018 3 565 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 16,34
EV / Sales 2018 0,37x
EV / Sales 2019 0,35x
Capitalization 1 022 M
Chart J C PENNEY COMPANY INC
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J C Penney Company Inc Technical Analysis Chart | JCP | US7081601061 | 4-Traders
Technical analysis trends J C PENNEY COMPANY INC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 3,61 $
Spread / Average Target 9,7%
EPS Revisions
Managers
NameTitle
Marvin R. Ellison Chairman, President & Chief Executive Officer
Jeffrey Allan Davis Chief Financial Officer & Executive Vice President
Therace Risch Chief Information Officer & Executive VP
Robert Gerald Turner Independent Director
Leonard H. Roberts Independent Director
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