Japan Tob (OTCMKTS:JAPAY – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.33 by $0.08, Zacks reports. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.15 billion.
Japan Tob Stock Up 1.8%
Shares of JAPAY stock traded up $0.40 on Friday, hitting $22.22. The company’s stock had a trading volume of 51,179 shares, compared to its average volume of 62,645. The stock has a market capitalization of $78.90 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.51 and a beta of 0.29. Japan Tob has a fifty-two week low of $14.60 and a fifty-two week high of $22.37. The firm’s fifty day moving average price is $19.21 and its 200-day moving average price is $18.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.88 and a quick ratio of 1.31.
Analysts Set New Price Targets
A number of brokerages have commented on JAPAY. BTIG Research started coverage on Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating on the stock. Zacks Research raised Japan Tob from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Japan Tob has a consensus rating of “Hold” 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).
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