Central Japan Railway (OTCMKTS:CJPRY) Sets New 52-Week High - Here's Why

Key Points

• Central Japan Railway's share price hit a new 52-week high at $12.93 during trading, closing at $12.61 with a volume of 985 shares.
• The company reported earnings per share (EPS) of $0.51 for the quarter, surpassing analysts' expectations of $0.45, and had a revenue of $3.23 billion.
• Central Japan Railway operates key transportation services, primarily focusing on the Tokaido Shinkansen, which connects major metropolitan areas in Japan.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $12.93 and last traded at $12.61, with a volume of 985 shares. The stock had previously closed at $12.34.

Central Japan Railway Stock Up 2.5%

The business's 50 day moving average is $11.10 and its 200 day moving average is $10.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.43 and a current ratio of 2.48. The stock has a market cap of $24.90 billion, a price-to-earnings ratio of 7.67 and a beta of 0.43.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.06. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.13 billion. Central Japan Railway had a net margin of 21.00% and a return on equity of 10.85%. Equities analysts expect that Central Japan Railway Co. will post 1.35 earnings per share for the current year.

Central Japan Railway Company Profile

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.

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