Japan Tob (OTCMKTS:JAPAY) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Japan Tob (OTCMKTS:JAPAY) released its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08, Zacks reports. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.13 billion.

Japan Tob Trading Up 5.6%

Shares of Japan Tob stock opened at $21.82 on Friday. The firm has a 50-day moving average of $19.15 and a 200-day moving average of $18.87. The stock has a market cap of $77.48 billion, a PE ratio of 21.82, a PEG ratio of 1.43 and a beta of 0.29. Japan Tob has a 52-week low of $14.60 and a 52-week high of $21.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.88.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JAPAY shares. Zacks Research upgraded shares of Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. BTIG Research began coverage on Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating for the company. One 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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).