Reynolds American Inc (RAI) to Release Earnings on Monday
Reynolds American Inc (NYSE:RAI) is scheduled to announce its earnings results before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.
Reynolds American (NYSE:RAI) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by $0.01. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.03 billion. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, analysts expect Reynolds American to post $2.53 EPS for the current fiscal year and $2.74 EPS for the next fiscal year.
Reynolds American Inc (RAI) opened at 65.56 on Monday. The firm has a market capitalization of $93.54 billion, a price-to-earnings ratio of 28.44 and a beta of 0.41. Reynolds American Inc has a 52-week low of $43.38 and a 52-week high of $67.81. The company’s 50-day moving average price is $66.20 and its 200 day moving average price is $62.00.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Monday, June 12th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, June 8th. This represents a $2.04 annualized dividend and a yield of 3.11%. Reynolds American’s dividend payout ratio is presently 88.31%.
Several research analysts have weighed in on RAI shares. Zacks Investment Research lowered Reynolds American from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Vetr lowered Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 target price on the stock. in a report on Wednesday, April 5th. Jefferies Group LLC reiterated a “hold” rating and set a $60.00 target price on shares of Reynolds American in a report on Wednesday, April 26th. Piper Jaffray Companies started coverage on Reynolds American in a report on Thursday, May 25th. They set a “neutral” rating and a $67.00 target price on the stock. Finally, BidaskClub lowered Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $59.82.
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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.
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