Analysts expect that Reynolds American Inc (NYSE:RAI) will announce $0.64 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Reynolds American’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.65. Reynolds American reported earnings per share of $0.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next earnings report on Tuesday, July 25th.
On average, analysts expect that Reynolds American will report full year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.56. For the next financial year, analysts anticipate that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.70 to $2.78. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Reynolds American.
Reynolds American (NYSE:RAI) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis.
Several research analysts recently commented on the stock. Vetr downgraded shares of Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 price objective for the company. in a report on Wednesday, April 5th. Piper Jaffray Companies assumed coverage on shares of Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price objective for the company. Zacks Investment Research downgraded shares of Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Reynolds American in a report on Wednesday, April 26th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Reynolds American in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Reynolds American has a consensus rating of “Hold” and an average target price of $59.82.
A number of hedge funds have recently bought and sold shares of the company. Bruderman Asset Management LLC boosted its stake in Reynolds American by 0.4% in the first quarter. Bruderman Asset Management LLC now owns 4,127 shares of the company’s stock valued at $260,000 after buying an additional 18 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Reynolds American by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,190 shares of the company’s stock valued at $201,000 after buying an additional 22 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock valued at $268,000 after buying an additional 25 shares in the last quarter. Altavista Wealth Management Inc. boosted its stake in Reynolds American by 0.6% in the first quarter. Altavista Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $264,000 after buying an additional 27 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in Reynolds American by 0.6% in the first quarter. Bahl & Gaynor Inc. now owns 5,199 shares of the company’s stock valued at $328,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 46.26% of the company’s stock.
Reynolds American (NYSE RAI) traded up 0.5507% during midday trading on Friday, hitting $66.6651. 6,165,665 shares of the stock were exchanged. The firm has a market capitalization of $95.11 billion, a P/E ratio of 28.9220 and a beta of 0.41. The firm’s 50-day moving average price is $65.67 and its 200 day moving average price is $62.92. Reynolds American has a 1-year low of $43.38 and a 1-year high of $67.81.
The company also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, June 8th. Reynolds American’s dividend payout ratio is presently 88.31%.
Reynolds American Company Profile
Reynolds American Inc (RAI) is a holding company. The Company’s segments include RJR Tobacco, which consists of the primary operations of its subsidiary, R. J. Reynolds Tobacco Company; Santa Fe, which consists of the primary operations of its subsidiary, Santa Fe Natural Tobacco Company, Inc, and American Snuff, which consists of the primary operations of its subsidiary, American Snuff Company, LLC.
Get a free copy of the Zacks research report on Reynolds American (RAI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.
