British American Tobacco (NYSE:BTI) Issues FY 2026 Earnings Guidance

British American Tobacco (NYSE:BTI) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 4.920-4.920 for the period. The company issued revenue guidance of $35.1 billion-$35.1 billion, compared to the consensus revenue estimate of $36.0 billion.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BTI. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a research report on Wednesday, December 10th. Kepler Capital Markets started coverage on British American Tobacco in a research note on Friday, December 12th. They issued a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of British American Tobacco in a research report on Wednesday, January 21st. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, British American Tobacco presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Price Performance

BTI traded up $0.27 during trading hours on Thursday, reaching $60.60. 10,147,439 shares of the company’s stock traded hands, compared to its average volume of 4,692,263. The firm has a 50-day moving average price of $57.94 and a 200 day moving average price of $55.81. British American Tobacco has a 52-week low of $37.31 and a 52-week high of $63.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55.

British American Tobacco (NYSE:BTI) last released its earnings results on Thursday, February 12th. The company reported $125.53 earnings per share for the quarter. The business had revenue of $8.93 billion during the quarter. British American Tobacco has set its FY 2026 guidance at 4.920-4.920 EPS. As a group, research analysts predict that British American Tobacco will post 4.69 earnings per share for the current year.

Trending Headlines about British American Tobacco

Here are the key news stories impacting British American Tobacco this week:

• Positive Sentiment: Stronger-than-expected results and smokeless product momentum — Adjusted operating profit and pretax profit rose as vapor and other smokeless products continued to grow, supporting the beat vs. City forecasts. British American Tobacco Posts Pretax Profit Jump
• Positive Sentiment: Increased shareholder returns — BTI announced an additional £1.3bn share buyback for 2026, reinforcing cash returns and supporting the dividend/buyback story. British American Tobacco edges past forecasts as smokeless growth gathers pace
• Positive Sentiment: Analyst upgrade on durable New Category growth and cost plans — A Seeking Alpha analyst upgraded BTI to a buy, citing 7% New Category revenue growth in FY2025, guidance for low double‑digit New Category growth in FY2026 (Vuse recovery in U.S.), and expected operational savings (~£2bn by 2030 and AI initiatives). This underpins upside to margins and returns. British American Tobacco: I Was Wrong, Growth Is Back (Rating Upgrade)
• Neutral Sentiment: Full release materials and call available — Management provided the Q4 presentation and earnings call transcript (useful for detail on category splits, regional trends and cost actions). Investors can review slides and transcript for guidance detail and tone. Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue guidance missed consensus — BTI set FY2026 EPS guidance at 4.920 and revenue guidance of $35.1bn, below the Street’s ~$36.0bn expectation, which could limit upside and explains some selling pressure despite the operational positives. Earnings Slide Deck

Institutional Trading of British American Tobacco

Several institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in British American Tobacco by 35.2% in the first quarter. AQR Capital Management LLC now owns 27,914 shares of the company’s stock valued at $1,155,000 after purchasing an additional 7,270 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of British American Tobacco by 42.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock valued at $400,000 after buying an additional 2,521 shares in the last quarter. Rhumbline Advisers grew its position in shares of British American Tobacco by 10.2% in the 2nd quarter. Rhumbline Advisers now owns 6,017 shares of the company’s stock worth $285,000 after buying an additional 559 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of British American Tobacco by 58.6% during the 2nd quarter. Baird Financial Group Inc. now owns 14,853 shares of the company’s stock worth $703,000 after acquiring an additional 5,486 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in British American Tobacco by 5.4% during the second quarter. Brown Advisory Inc. now owns 15,967 shares of the company’s stock valued at $756,000 after acquiring an additional 816 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.