Nomura Maintains Lowest Rating on J. C. Penney (JCP) Following Results
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J. C. Penney (JCP) SSS Slowdown Concerning, Says Deutsche Bank
November 13, 2014 8:00 AM ESTDeutsche Bank maintained a Hold rating on J. C. Penney (NYSE: JCP) with a price target of $8. Analyst Paul Trussell commented follow Q3 results, calling its SSS slowdown "concerning."
"While weather presented a headwind and the cycling of material clearance events in... More
J. C. Penney (JCP) Estimates Cut at BofA/Merrill Lynch Following Mixed Q3
November 13, 2014 7:25 AM ESTBofA/Merrill Lynch analyst Lorraine Hutchinson reiterated a Neutral rating and $11 price target on J. C. Penney (NYSE: JCP) following Q3 results which beat on margins but the sales outlook was lowered.
The analyst notes the company continues to positive full... More
J.C. Penney (JCP) Tops Q3 EPS by 2c
November 12, 2014 4:03 PM EST(Updated - November 12, 2014 4:05 PM EST)
J.C. Penney (NYSE: JCP) reported Q3 EPS of ($0.77), $0.02 better than the analyst estimate of ($0.79). Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.81 billion.
Same store sales flat to last year; up 4.3 % year-to-date
Myron E. (Mike) Ullman, III, Chief Executive Officer, said, "This quarter shows the progress we are making in the final phase of JCPenney's turnaround. We continued to significantly improve the profitability of our business with gross margin expansion of 710 basis points, a $342 million improvement... More
Traders Push JCPenney (JCP) Higher into Q3 Report
November 12, 2014 3:34 PM ESTJCPenney is positive 8.6 percent Wednesday afternoon heading into the company's Q3 report, which is expected out after markets close.
Analysts are looking for JCPenney to post Q3 loss of $0.79 per share on revenue of $2.8 billion, from a loss of $1.81 and revs of $2.8 billion reported in the same period... More
