Japan Tob (OTCMKTS:JAPAY) Issues Earnings Results

Japan Tob (OTCMKTS:JAPAY) posted its quarterly earnings data 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 Price Performance

JAPAY traded down $0.18 on Thursday, reaching $20.49. The company had a trading volume of 121,569 shares, compared to its average volume of 147,565. The company has a market capitalization of $72.77 billion, a P/E ratio of 20.49 and a beta of 0.29. The company has a current ratio of 1.88, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38. Japan Tob has a one year low of $14.60 and a one year high of $21.94. The company has a fifty day moving average of $19.10 and a 200-day moving average of $18.85.

Wall Street Analysts Forecast Growth

JAPAY has been the subject of several research analyst reports. Zacks Research raised Japan Tob from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. BTIG Research initiated coverage on Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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).