J. Sainsbury (JSAIY) Set to Release Quarterly Earnings on Thursday

J. Sainsbury (OTCMKTS:JSAIY) is expected to be issuing its resultson Thursday, October 22nd. Analysts expect J. Sainsbury to post earnings of $0.5980 per share and revenue of $23.07 billion for the quarter.

J. Sainsbury Stock Up 1.5%

Shares of OTCMKTS JSAIY opened at $19.09 on Tuesday. J. Sainsbury has a fifty-two week low of $15.87 and a fifty-two week high of $19.90. The firm’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $17.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.24 and a current ratio of 0.56.

Wall Street Analyst Weigh In

A number of analysts have commented on JSAIY shares. Zacks Research upgraded shares of J. Sainsbury from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Citigroup reiterated a “neutral” rating on shares of J. Sainsbury in a report on Monday, September 28th. The Goldman Sachs Group upgraded shares of J. Sainsbury from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of J. Sainsbury in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About J. Sainsbury

J. Sainsbury plc is a United Kingdom-based retail company that operates supermarkets, convenience stores and online grocery services under the Sainsbury’s brand. Its stores sell food, beverages, household goods and other everyday consumer products, including a range of private-label merchandise alongside branded products.

The company also operates Argos, a general merchandise retailer offering products such as consumer electronics, home goods, toys and other non-food items through stores, collection points and online channels.