|Day's Range||49.42 - 51.40|
|52 Week Range||45.51 - 77.70|
|PE Ratio (TTM)||10.70|
|Dividend & Yield||0.28 (0.55%)|
|1y Target Est||N/A|
On Monday, UBS sent a note to clients warning that J.C. Penney (JCP) faces “a tough path forward.” The call made sense. The discount department store released disappointing fiscal first quarter financial ...
Shares of JCP ended nearly 14% lower to $4.55, and JWN finished lower by almost 11% to $41.20.
J.C. Penny (JCP) joined the growing list of retailers releasing ugly earnings report, posting a surprise adjusted profit but weaker-than-expected same-store sales. Adjusted per share earnings of six cents, including the sale of assets, beat the 21-cent loss expected by the Street. J.C. Penney reaffirmed its full-year 2017 guidance for earnings to range between 40 cents a share and 65 cents a share and same-store sales from a 1% decline to a 1% rise.