West Japan Railway (OTCMKTS:WJRYY) Shares Up 9% Following Earnings Beat

West Japan Railway (OTCMKTS:WJRYY) rose 9% during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $21.3950 and last traded at $21.3950. 9,419 shares were traded during trading, a decline of 79% from the average session volume of 45,148 shares. The stock had previously closed at $19.62.

The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. West Japan Railway had a net margin of 6.41% and a return on equity of 9.37%.

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 investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, West Japan Railway has a consensus rating of “Hold”.

West Japan Railway Price Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 1.12 and a quick ratio of 0.74. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 12.81 and a beta of 0.12. The business’s fifty day simple moving average is $19.09 and its 200 day simple moving average is $18.88.

West Japan Railway Company Profile

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.