Japan Tob (OTCMKTS:JAPAY) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Japan Tob (OTCMKTS:JAPAY) released its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02), Zacks reports.

Japan Tob Trading Down 0.8%

OTCMKTS:JAPAY traded down $0.19 on Thursday, reaching $22.94. The company’s stock had a trading volume of 40,574 shares, compared to its average volume of 124,834. Japan Tob has a 12-month low of $16.74 and a 12-month high of $24.54. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.35. The firm has a market cap of $81.44 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.59 and a beta of 0.28. The stock has a 50 day moving average price of $22.28 and a 200 day moving average price of $19.93.

Analysts Set New Price Targets

Separately, BTIG Research assumed coverage on shares of Japan Tob in a report on Wednesday, July 22nd. They issued a “buy” rating on the stock. One 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.