Central Japan Railway (OTCMKTS:CJPRY) Posts Earnings Results, Beats Expectations By $0.06 EPS

Key Points

• Central Japan Railway reported earnings of $0.51 per share for the quarter, exceeding analysts' expectations of $0.45 by $0.06.
• The company's revenue reached $3.23 billion, surpassing the consensus estimate of $3.13 billion.
• Following the earnings report, Central Japan Railway's stock price decreased to $11.64 with a market cap of approximately $22.90 billion.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) released its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06, Zacks reports. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.13 billion. Central Japan Railway had a return on equity of 10.85% and a net margin of 21.00%.

Central Japan Railway Stock Performance

OTCMKTS CJPRY traded up $0.47 on Friday, hitting $12.07. 41,357 shares of the company traded hands, compared to its average volume of 126,922. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of 7.32 and a beta of 0.35. The company has a current ratio of 2.48, a quick ratio of 2.43 and a debt-to-equity ratio of 1.01. The business's 50 day moving average price is $11.02 and its 200-day moving average price is $10.28. Central Japan Railway has a 52-week low of $8.74 and a 52-week high of $12.50.

About Central Japan Railway

Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.