Japan Tob (OTCMKTS:JAPAY) Issues Earnings Results

Japan Tob (OTCMKTS:JAPAY) released its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02), Zacks reports. The business had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.45 billion.

Japan Tob Stock Down 0.0%

Shares of OTCMKTS:JAPAY traded down $0.01 on Friday, hitting $22.94. 48,203 shares of the company’s stock were exchanged, compared to its average volume of 114,516. The firm’s 50-day moving average is $22.33 and its 200 day moving average is $19.97. The company has a market capitalization of $81.45 billion, a PE ratio of 16.74, a P/E/G ratio of 1.48 and a beta of 0.28. Japan Tob has a 1-year low of $16.74 and a 1-year high of $24.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04.

Analyst Upgrades and Downgrades

Several brokerages have commented on JAPAY. BTIG Research initiated coverage on shares of Japan Tob in a research report on Wednesday, July 22nd. They issued a “buy” rating for the company. Zacks Research raised Japan Tob from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

Japan Tob Company Profile

Japan Tobacco Inc is a Japan-based company engaged primarily in the manufacture and sale of tobacco products. Its portfolio includes cigarettes, heated tobacco products and other reduced-risk products, marketed under brands such as Winston, Camel, Mevius and LD in various markets.

The company also operates businesses in pharmaceutical products and processed foods. Its pharmaceutical operations focus on prescription medicines, while its food business provides products including frozen foods, seasonings and other processed food items.

Japan Tobacco traces its history to Japan’s former tobacco monopoly and was established in its current corporate form in 1985.