Reynolds American Inc. (NYSE:RAI) will be releasing its earnings data 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 released its earnings results on Tuesday, July 26th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.03. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Reynolds American had a return on equity of 15.24% and a net margin of 42.97%. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the prior year, the firm posted $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.

Earnings History for Reynolds American (NYSE:RAI)

Shares of Reynolds American Inc. (NYSE:RAI) opened at 47.27 on Monday. The stock has a market cap of $67.47 billion, a P/E ratio of 12.75 and a beta of 0.40. The firm’s 50-day moving average is $48.06 and its 200 day moving average is $49.97. Reynolds American Inc. has a 52-week low of $44.06 and a 52-week high of $54.48.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.84 dividend on an annualized basis and a yield of 3.89%. This is a boost from Reynolds American’s previous quarterly dividend of $0.42. Reynolds American’s dividend payout ratio is presently 49.73%.

A number of research firms have commented on RAI. Vetr raised shares of Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.12 target price on the stock in a research report on Thursday, September 8th. Zacks Investment Research cut shares of Reynolds American from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $57.00 target price (up previously from $55.00) on shares of Reynolds American in a research report on Friday, July 15th. Jefferies Group began coverage on shares of Reynolds American in a research report on Wednesday, September 21st. They issued a “buy” rating and a $61.00 target price on the stock. Finally, Credit Agricole SA raised shares of Reynolds American from an “underperform” rating to an “outperform” rating and upped their target price for the company from $52.00 to $54.00 in a research report on Monday, August 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Reynolds American has a consensus rating of “Buy” and an average target price of $55.93.

In related news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $48.03, for a total value of $31,718,291.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of RAI. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Reynolds American by 25.2% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 392,020 shares of the company’s stock valued at $21,142,000 after buying an additional 78,900 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Reynolds American during the second quarter valued at $46,908,000. AQR Capital Management LLC boosted its stake in shares of Reynolds American by 18.1% in the second quarter. AQR Capital Management LLC now owns 799,562 shares of the company’s stock valued at $43,120,000 after buying an additional 122,626 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Reynolds American by 40.8% in the second quarter. Panagora Asset Management Inc. now owns 51,590 shares of the company’s stock valued at $2,782,000 after buying an additional 14,959 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Reynolds American by 0.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 25,351 shares of the company’s stock valued at $1,367,000 after buying an additional 101 shares during the period. 46.87% of the stock is currently owned by hedge funds and other institutional investors.

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).

5 Day Chart for NYSE:RAI

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