Japan Tob (OTCMKTS:JAPAY) Releases Earnings Results, Beats Estimates By $0.05 EPS

Japan Tob (OTCMKTS:JAPAY) released its quarterly earnings results on Friday. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05, Zacks reports.

Japan Tob Trading Down 0.4%

JAPAY traded down $0.07 during mid-day trading on Friday, hitting $18.77. 88,934 shares of the stock were exchanged, compared to its average volume of 193,114. The firm’s fifty day moving average is $18.50 and its two-hundred day moving average is $18.37. Japan Tob has a 1-year low of $14.02 and a 1-year high of $20.68. The company has a current ratio of 1.93, a quick ratio of 1.38 and a debt-to-equity ratio of 0.39. The company has a market cap of $66.65 billion, a PE ratio of 20.63 and a beta of 0.28.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Japan Tob from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Japan Tob has a consensus rating of “Sell” and an average 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).