Japan Tob (OTCMKTS:JAPAY) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Japan Tob (OTCMKTS:JAPAY) issued its quarterly earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11, Zacks reports.

Japan Tob Stock Performance

Shares of OTCMKTS JAPAY traded down $0.18 during trading hours on Thursday, hitting $20.49. 121,569 shares of the company’s stock were exchanged, compared to its average volume of 147,565. The company’s 50-day moving average price is $19.10 and its 200-day moving average price is $18.85. Japan Tob has a 1-year low of $14.60 and a 1-year high of $21.94. The stock has a market capitalization of $72.77 billion, a price-to-earnings ratio of 20.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. BTIG Research initiated coverage on Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Japan Tob currently has a consensus rating of “Hold” and an average price target of $17.00.

Japan Tob Company Profile

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).