J. Sainsbury (JSAIY) Expected to Announce Earnings on Thursday

Key Points

• J. Sainsbury is expected to report results on Thursday, April 23, with analysts forecasting EPS of $0.4731 and revenue of $15.8448 billion for the quarter.
• Analyst consensus is a Moderate Buy (1 Strong Buy, 1 Buy, 3 Hold), with recent rating moves including Citigroup upgrading to Strong-Buy and Zacks raising its view to Hold.
• Shares opened at $19.11 and are trading near a one-year high of $19.90 (one-year low $13.04) with 50-/200-day moving averages of $18.85/$18.19; the firm shows low leverage (debt/equity 0.16) but relatively weak liquidity (current ratio 0.62, quick ratio 0.31).

J. Sainsbury (OTCMKTS:JSAIY - Get Free Report) is anticipated to post its resultson Thursday, April 23rd. Analysts expect J. Sainsbury to post earnings of $0.4731 per share and revenue of $15.8448 billion for the quarter.

J. Sainsbury Stock Up 0.3%

OTCMKTS:JSAIY opened at $19.11 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.62 and a quick ratio of 0.31. The stock has a 50-day moving average price of $18.85 and a two-hundred day moving average price of $18.19. J. Sainsbury has a 1 year low of $13.04 and a 1 year high of $19.90.

Analyst Ratings Changes

Several brokerages recently issued reports on JSAIY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of J. Sainsbury in a research report on Monday. Citigroup raised shares of J. Sainsbury to a "strong-buy" rating in a research note on Friday, January 9th. Finally, Zacks Research upgraded shares of J. Sainsbury from a "strong sell" rating to a "hold" rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, J. Sainsbury presently has a consensus rating of "Moderate Buy".

J. Sainsbury Company Profile

J. Sainsbury PLC, trading in the United States under the ticker OTCMKTS:JSAIY, is one of the United Kingdom's leading grocery retailers. Through its primary Sainsbury's supermarket banner and smaller convenience formats under the Sainsbury's Local name, the company offers a wide range of food and household products. In addition to its core retail operations, Sainsbury's extends into general merchandise and clothing under the TU brand, serving both in-store and through its established e-commerce platform.

Founded in 1869 by John James Sainsbury and his wife Mary Ann, Sainsbury's has grown from a single dairy shop in London's Drury Lane to a nationwide retail network.

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