JCPENNEY REPORTS A 63 PERCENT INCREASE IN EBITDA TO $176 MILLION AND REAFFIRMS FULL YEAR EBITDA GUIDANCE OF $1 BILLION
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Baird Upgrades J. C. Penney (JCP) to Outperform
May 16, 2016 6:36 AM EDTBaird upgraded J. C. Penney (NYSE: JCP) from Neutral to Outperform with a price target of $12.00 (from $11.00).
For an analyst ratings summary and ratings history on J. C. Penney click here. For more ratings news on J. C. Penney click here.
Shares of J. C. Penney closed at $7.58 yesterday.
... MoreCowen Cuts Price Target on J.C. Penney (JCP) Following 1Q earnings
May 13, 2016 2:33 PM EDTCowen maintained a Market Perform rating on J. C. Penney (NYSE: JCP), and cut the price target to $9.00 (from $11.50), following the company's 1Q earnings report. JCP reiterated its original EBITDA guidance of $1B and adjusted EPS to be positive as well as... More
J.C. Penney (JCP) Tops Q1 EPS by 6c; Comps Fell 0.4%; FY16 Guidance Updated
May 13, 2016 7:32 AM EDTJ.C. Penney (NYSE: JCP) reported Q1 EPS of ($0.32), $0.06 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $2.81 billion versus the consensus estimate of $2.92 billion.
Comparable sales were (0.4) % for the first quarter.
Marvin R. Ellison, chief executive officer, said, "The first quarter was clearly challenging from a sales perspective. Although our business was not immune to the issues facing other retailers, I am pleased that we... More
