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Oriental Land (OTCMKTS:OLCLY) Shares Gap Up - Here's Why

Oriental Land logo with Consumer Discretionary background

Key Points

  • Oriental Land's stock price saw a significant increase, opening at $23.81 after closing at $22.74, indicating bullish market sentiment.
  • The company reported quarterly earnings of $0.12 per share, surpassing analysts' expectations with revenue of $1.13 billion.
  • Oriental Land operates major attractions such as Tokyo Disneyland and associated hotels, showcasing its dominance in the leisure and hospitality industry in Japan.
  • Want stock alerts on Oriental Land? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Oriental Land (OTCMKTS:OLCLY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $22.74, but opened at $23.81. Oriental Land shares last traded at $23.81, with a volume of 3,553 shares.

Oriental Land Stock Performance

The company has a quick ratio of 2.11, a current ratio of 2.23 and a debt-to-equity ratio of 0.22. The stock has a market cap of $42.82 billion, a price-to-earnings ratio of 45.74 and a beta of 0.67. The company's 50-day simple moving average is $21.78 and its 200-day simple moving average is $21.59.

Oriental Land (OTCMKTS:OLCLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.12 earnings per share for the quarter. Oriental Land had a net margin of 18.27% and a return on equity of 13.22%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.10 billion. Analysts predict that Oriental Land will post 0.47 EPS for the current fiscal year.

Oriental Land Company Profile

(Get Free Report)

Oriental Land Co, Ltd. operates and manages theme parks and hotels in Japan. It operates through Theme Park, Hotel Business, and Other Business segments. The Theme Park segment operates and manages Tokyo Disneyland and Tokyo DisneySea theme parks. The Hotel Business segment operates and manages Tokyo Disneyland Hotel, Tokyo DisneySea Hotel MiraCosta, Disney Ambassador Hotel, and Tokyo Disney Celebration Hotel, as well as Tokyo Disney Resort Toy Story Hotel.

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