J. Sainsbury (JSAIY) Projected to Post Earnings on Thursday

J. Sainsbury (OTCMKTS:JSAIY) is anticipated to issue its resultson Thursday, April 23rd. Analysts expect the company to announce earnings of $0.4731 per share and revenue of $15.8448 billion for the quarter.

J. Sainsbury Trading Up 0.5%

Shares of J. Sainsbury stock opened at $19.25 on Tuesday. J. Sainsbury has a 12-month low of $13.41 and a 12-month high of $19.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.31. The company’s fifty day simple moving average is $18.88 and its two-hundred day simple moving average is $18.21.

Analyst Upgrades and Downgrades

JSAIY has been the subject of several recent analyst reports. Zacks Research raised shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of J. Sainsbury in a report on Monday, April 13th. Finally, Citigroup raised shares of J. Sainsbury to a “strong-buy” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, J. Sainsbury has an average rating of “Moderate Buy”.

About J. Sainsbury

J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom’s leading grocery retailers. Through its primary Sainsbury’s supermarket banner and smaller convenience formats under the Sainsbury’s Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury’s extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.

Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury’s has grown from a single dairy shop in London’s Drury Lane to a nationwide retail network.