Reynolds American Inc. (RAI) Updates FY14 Earnings Guidance
Reynolds American Inc. (NYSE:RAI) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.44, American Banking & Market News reports.
RAI has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Reynolds American in a research note on Monday, November 25th. They set a sector perform rating and a $52.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Reynolds American in a research note on Friday, November 22nd. They now have a $53.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Reynolds American from $48.00 to $52.00 in a research note on Tuesday, November 19th. They now have an equal weight rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $53.39.
Reynolds American Inc. (NYSE:RAI) opened at 48.81 on Tuesday. Reynolds American Inc. has a 52-week low of $42.46 and a 52-week high of $52.93. The stock has a 50-day moving average of $48.70 and a 200-day moving average of $49.61. The company has a market cap of $26.380 billion and a P/E ratio of 17.14.
Reynolds American (NYSE:RAI) last released its earnings data on Tuesday, February 11th. The company reported $0.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.04. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company posted $0.76 earnings per share. Reynolds American’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Reynolds American Inc. will post $3.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.49%.
In other Reynolds American news, major shareholder & Williamson Holdings Brown sold 154,329 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $48.85, for a total transaction of $7,538,971.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Reynolds American Inc (NYSE:RAI) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.