Japan Tob (JAPAY) Expected to Release Quarterly Earnings on Thursday

Japan Tob (OTCMKTS:JAPAY) will likely be issuing its results after the market closes on Thursday, October 29th. Analysts expect Japan Tob to post earnings of $0.3466 per share and revenue of $6.37 billion for the quarter.

Japan Tob (OTCMKTS:JAPAY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.15 billion. On average, analysts expect Japan Tob to post $1.13 EPS for the current fiscal year and $1.27 EPS for the next fiscal year.

Japan Tob Stock Performance

JAPAY opened at $23.60 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.45 and a current ratio of 2.04. The business has a 50-day moving average of $22.11 and a two-hundred day moving average of $20.31. Japan Tob has a 12 month low of $15.74 and a 12 month high of $24.03.

Wall Street Analysts Forecast Growth

Separately, BTIG Research initiated coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Japan Tob currently has a consensus rating of “Hold” and an average price target of $17.00.

About Japan Tob

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.