J. Sainsbury (JSAIY) Expected to Release Quarterly Earnings on Thursday

J. Sainsbury (OTCMKTS:JSAIY) is projected to announce its resultson Thursday, October 22nd. Analysts expect J. Sainsbury to announce earnings of $0.5980 per share and revenue of $23.07 billion for the quarter.

J. Sainsbury Stock Performance

OTCMKTS JSAIY opened at $19.32 on Wednesday. The company has a 50-day moving average price of $18.07 and a two-hundred day moving average price of $17.91. J. Sainsbury has a 52 week low of $15.87 and a 52 week high of $19.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JSAIY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of J. Sainsbury in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded J. Sainsbury from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Zacks Research upgraded J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Citigroup reissued a “neutral” rating on shares of J. Sainsbury in a research note on Monday, September 28th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, J. Sainsbury has an average rating of “Hold”.

About J. Sainsbury

J. Sainsbury plc is a United Kingdom-based retail company that operates supermarkets, convenience stores and online grocery services under the Sainsbury’s brand. Its stores sell food, beverages, household goods and other everyday consumer products, including a range of private-label merchandise alongside branded products.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, home goods, toys and other non-food items through stores, collection points and online channels.