Japan Tob (JAPAY) Projected to Announce Earnings on Thursday

Japan Tob (OTCMKTS:JAPAY) is expected to be issuing its resultson Thursday, July 30th. Analysts expect Japan Tob to post earnings of $0.2968 per share and revenue of $6.1289 billion for the quarter.

Japan Tob (OTCMKTS:JAPAY) last released its earnings results on Friday, May 8th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.69 billion. On average, analysts expect Japan Tob to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Japan Tob Price Performance

Shares of OTCMKTS:JAPAY opened at $19.95 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.88. The firm has a fifty day moving average price of $19.09 and a 200 day moving average price of $18.82. Japan Tob has a fifty-two week low of $14.20 and a fifty-two week high of $20.68. The firm has a market cap of $70.84 billion, a price-to-earnings ratio of 19.95 and a beta of 0.29.

Analysts Set New Price Targets

Several analysts have commented on the stock. BTIG Research initiated coverage on shares of Japan Tob in a research note on Wednesday, July 22nd. They issued a “buy” rating on the stock. Zacks Research upgraded Japan Tob from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.00.

About Japan Tob

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).