Japan Tob (OTCMKTS:JAPAY) Announces Earnings Results

Japan Tob (OTCMKTS:JAPAY) announced its quarterly earnings data on Friday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05, Zacks reports. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.69 billion.

Japan Tob Stock Performance

Shares of JAPAY stock opened at $18.77 on Friday. The company has a market cap of $66.65 billion, a P/E ratio of 20.63 and a beta of 0.28. The firm has a fifty day moving average price of $18.50 and a 200 day moving average price of $18.37. The company has a current ratio of 1.93, a quick ratio of 1.38 and a debt-to-equity ratio of 0.39. Japan Tob has a 12 month low of $14.02 and a 12 month high of $20.68.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Japan Tob from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell” and a consensus target price of $17.00.

About Japan Tob

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed?food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).