West Japan Railway (OTCMKTS:WJRYY) Posts Earnings Results, Beats Estimates By $0.03 EPS

West Japan Railway (OTCMKTS:WJRYY) released its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03, Zacks reports. West Japan Railway had a return on equity of 9.37% and a net margin of 6.41%.

West Japan Railway Stock Performance

OTCMKTS:WJRYY traded up $1.11 during midday trading on Thursday, reaching $20.95. The stock had a trading volume of 13,039 shares, compared to its average volume of 10,825. The firm has a fifty day simple moving average of $19.09 and a two-hundred day simple moving average of $18.88. West Japan Railway has a 12-month low of $15.08 and a 12-month high of $23.85. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.06. The stock has a market cap of $9.54 billion, a P/E ratio of 11.21 and a beta of 0.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded West Japan Railway from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About West Japan Railway

West Japan Railway Company, also known as JR West, operates passenger railway services primarily across western Japan. Its network serves major urban and regional markets in the Kansai, Chugoku, Hokuriku, and other parts of western Honshu, connecting cities such as Osaka, Kyoto, Kobe, Hiroshima, and Kanazawa. The company operates conventional rail lines as well as high-speed Shinkansen services, including the Sanyo Shinkansen.

In addition to railway transportation, JR West provides related services such as station operations, bus transportation, and travel services.