Reynolds American Inc. (NYSE:RAI) will post its quarterly earnings results before the market opens on Wednesday, October 19th. Analysts expect Reynolds American to post earnings of $0.65 per share for the quarter. Reynolds American has set its FY16 guidance at $2.26-2.34 EPS.
Reynolds American (NYSE:RAI) last issued its earnings results on Tuesday, July 26th. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm earned $3.20 billion during the quarter, compared to analyst estimates of $3.26 billion. Reynolds American had a net margin of 42.97% and a return on equity of 15.24%. The firm’s revenue was up 33.0% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. On average, analysts expect Reynolds American to post $2.32 EPS for the current fiscal year and $2.59 EPS for the next fiscal year.
Shares of Reynolds American Inc. (NYSE:RAI) opened at 47.27 on Monday. The firm has a market cap of $67.47 billion, a PE ratio of 12.75 and a beta of 0.40. The company has a 50-day moving average of $48.06 and a 200 day moving average of $49.97. Reynolds American Inc. has a one year low of $44.06 and a one year high of $54.48.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were issued a $0.46 dividend. This is a boost from Reynolds American’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.84 annualized dividend and a yield of 3.89%. Reynolds American’s payout ratio is 49.73%.
Several analysts have commented on the company. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $53.00 price target on shares of Reynolds American in a report on Saturday. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Jefferies Group assumed coverage on Reynolds American in a report on Wednesday, September 21st. They issued a “buy” rating and a $61.00 price target for the company. Morgan Stanley restated a “hold” rating on shares of Reynolds American in a report on Thursday, September 1st. Finally, Cowen and Company restated an “outperform” rating and issued a $57.00 price target on shares of Reynolds American in a report on Tuesday, August 16th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Reynolds American presently has an average rating of “Buy” and an average price target of $55.93.
In other news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total transaction of $31,718,291.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Woodmont Investment Counsel LLC raised its position in Reynolds American by 10.2% in the second quarter. Woodmont Investment Counsel LLC now owns 4,189 shares of the company’s stock valued at $226,000 after buying an additional 389 shares during the period. Karp Capital Management Corp raised its position in Reynolds American by 1.2% in the second quarter. Karp Capital Management Corp now owns 4,370 shares of the company’s stock valued at $236,000 after buying an additional 51 shares during the period. BlueMountain Capital Management LLC bought a new position in Reynolds American during the second quarter valued at approximately $258,000. Camarda Financial Advisors LLC raised its position in Reynolds American by 12.6% in the second quarter. Camarda Financial Advisors LLC now owns 7,806 shares of the company’s stock valued at $421,000 after buying an additional 872 shares during the period. Finally, EFG Asset Management Americas Corp. raised its position in Reynolds American by 27.0% in the second quarter. EFG Asset Management Americas Corp. now owns 8,640 shares of the company’s stock valued at $494,000 after buying an additional 1,836 shares during the period. Institutional investors and hedge funds own 46.87% of the company’s stock.
Reynolds American Company Profile
Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).
Receive News & Ratings for Reynolds American Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reynolds American Inc. and related companies with MarketBeat.com's FREE daily email newsletter.