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

Key Points

• Japan Tobacco reported quarterly EPS of $0.33, missing analysts’ consensus estimate of $0.35 by $0.02.
• The stock fell 0.8% to $22.94, with a market capitalization of approximately $81.44 billion; its 52-week trading range is $16.74 to $24.54.
• BTIG Research initiated coverage with a “Buy” rating, but overall analyst sentiment remains “Hold,” with a consensus price target of $17.00.

Japan Tob (OTCMKTS:JAPAY - Get Free Report) released its earnings results on Thursday. The company reported $0.33 earnings per share 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. 40,574 shares of the company were exchanged, compared to its average volume of 124,834. The business's fifty day moving average price is $22.28 and its 200 day moving average price is $19.93. The stock has a market capitalization of $81.44 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.59 and a beta of 0.28. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.35. Japan Tob has a fifty-two week low of $16.74 and a fifty-two week high of $24.54.

Analyst Upgrades and Downgrades

Separately, BTIG Research initiated coverage on shares of Japan Tob in a research note on Wednesday, July 22nd. They set a "buy" rating on the stock. One equities research 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.00.

About Japan Tob

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.

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