JC Penney shares fall despite smaller second-quarter losses

The Country Caller previews the company’s 2QFY16 earnings.

As a result, JCPenney reaffirmed its 2016 full-year guidance.

J.C. Penney Company, Inc. Loss per share came in at $0.05 for the quarter, which was better than analysts’ estimate and last year’s figure of $0.15 and $0.40, respectively. These analysts have also projected a Low Estimate of $-0.33/share and a High Estimate of $-0.05/share.

Total sales rose 1.5% to $2.92 billion, slightly short of expectations. Holding Company as 2.93 Billion. ELLISON MARVIN R is one of the largest insider shareholders in J C Penney Company Inc (NYSE:JCP), according to U.S. Securities and Exchange Commission (SEC) filings.

TOSHIBA CORP NPV (OTCMKTS:TOSBF) on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signaling recovery from a $1.3 billion accounting scandal that unmasked underperforming operations. Comparable-store sales fell 0.4% for the quarter, and markdowns due to unseasonable weather hurt the company’s overall gross-margin figures. Its forecasts over growth are 102.90% during current year while analysts’ growth estimation for the next year is 2,100.00%.

J. C. Penney Co., Inc. operates department stores, which consist of selling merchandise and services to consumers through its department stores. Through the past nine quarters, the company has beaten consensus expectations for EPS eight times.

Still, like other department stores, J.C. Penney faces big challenges.

After a tough start to the year, Macy’s, Kohl’s and Nordstrom all reported second quarter results Thursday that showed an improvement.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The highest analyst price target is $19.00, which implies a gain of -8 percent.

To analyze a stock, one should look for Upgrades and Downgrades of a stock.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 4/2016, the consensus mean EPS was $-0.4 while the company reported $-0.32 EPS on 5/13/2016 BMO with a difference of 0.08 marking a surprise factor of 20.00%. Year to Date, the current share price of the stock is below -3.91%. It has twelve month low of $6.00 and twelve month high of $11.99.

The stock’s price moved down its 200-day moving average of $9.40.

Twenty-First Century Fox, Inc.’s (FOX) has price to sale ratio of 0.79. The company has closed roughly 50 shops over the past two years, but still has more than 1,000. The Return on Equity (ROE) value stands at -28.7%. To accommodate long-term intention, experts calculate Return on Investment of -1.80%.