Japan Tob (OTCMKTS:JAPAY) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Japan Tob (OTCMKTS:JAPAY) posted its quarterly earnings data on Friday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05, Zacks reports.

Japan Tob Trading Down 0.4%

OTCMKTS:JAPAY traded down $0.07 during trading hours on Friday, hitting $18.77. The company had a trading volume of 88,934 shares, compared to its average volume of 193,114. The company has a current ratio of 1.93, a quick ratio of 1.38 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $18.50 and a 200 day moving average of $18.37. The company has a market cap of $66.65 billion, a P/E ratio of 20.63 and a beta of 0.28. Japan Tob has a 1 year low of $14.02 and a 1 year high of $20.68.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Japan Tob from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell” and an average price target of $17.00.

Japan Tob Company Profile

Japan Tobacco Inc (OTC: JAPAY) is a Tokyo-based multinational company primarily engaged in the manufacture and sale of tobacco products. The company’s core activities include the development, production and distribution of cigarettes and other nicotine-delivery products for domestic and international markets. Japan Tobacco also pursues business activities beyond tobacco, including pharmaceutical and processed?food operations through subsidiary units and strategic investments.

In its tobacco operations the company serves both the Japanese market and a broad international footprint through its global operating arm, Japan Tobacco International (JTI).