J Sainsbury plc (JSAIY) to Post FY2019 Earnings of $1.03 Per Share, Jefferies Financial Group Forecasts

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J Sainsbury plc (OTCMKTS:JSAIY) – Research analysts at Jefferies Financial Group upped their FY2019 earnings per share estimates for J Sainsbury in a research note issued on Monday, April 15th. Jefferies Financial Group analyst J. Grzinic now anticipates that the company will earn $1.03 per share for the year, up from their prior estimate of $1.00. Jefferies Financial Group also issued estimates for J Sainsbury’s FY2020 earnings at $1.06 EPS and FY2021 earnings at $1.12 EPS.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of J Sainsbury from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, March 13th. Barclays lowered shares of J Sainsbury from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 21st. ValuEngine upgraded shares of J Sainsbury from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Berenberg Bank lowered shares of J Sainsbury from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Kepler Capital Markets restated a “hold” rating on shares of J Sainsbury in a research report on Friday, February 22nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.00.

OTCMKTS JSAIY opened at $11.81 on Thursday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. J Sainsbury has a twelve month low of $11.64 and a twelve month high of $17.70.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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Earnings History and Estimates for J Sainsbury (OTCMKTS:JSAIY)

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