Reynolds American (RAI) Set to Announce Quarterly Earnings on Tuesday
Reynolds American (NYSE:RAI) is scheduled to be issuing its Q313 quarterly earnings data on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.86 per share and revenue of $2.14 billion for the quarter. Reynolds American has set its FY13 guidance at $3.15-3.30 EPS.
Reynolds American (NYSE:RAI) last released its earnings data on Wednesday, July 24th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis.
Shares of Reynolds American (NYSE:RAI) opened at 50.59 on Monday. Reynolds American has a 1-year low of $39.70 and a 1-year high of $52.93. The stock’s 50-day moving average is $48.94 and its 200-day moving average is $47.56. The company has a market cap of $27.523 billion and a price-to-earnings ratio of 18.40.
A number of research firms have recently commented on RAI. Analysts at JPMorgan Chase & Co. raised their price target on shares of Reynolds American from $61.00 to $65.34 in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Reynolds American in a research note to investors on Friday, September 13th. They now have a $50.00 price target on the stock. Finally, analysts at Credit Agricole raised their price target on shares of Reynolds American from $43.00 to $48.00 in a research note to investors on Friday, July 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.89.
In other Reynolds American news, major shareholder & Williamson Holdings Brown sold 127,278 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $49.54, for a total transaction of $6,305,352.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Reynolds American Inc (NYSE:RAI) is a holding company.
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