Wall Street brokerages expect that Reynolds American Inc (NYSE:RAI) will announce earnings per share of $0.64 for the current quarter, Zacks reports. Two analysts have issued estimates for Reynolds American’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.62. Reynolds American posted earnings per share of $0.58 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is expected to announce its next quarterly earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that Reynolds American will report full-year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.50 to $2.56. For the next fiscal year, analysts anticipate that the company will post earnings of $2.73 per share, with EPS estimates ranging from $2.70 to $2.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Reynolds American.

Reynolds American (NYSE:RAI) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share.

RAI has been the subject of a number of analyst reports. Vetr lowered shares of Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 price objective for the company. in a research note on Wednesday, April 5th. Jefferies Group LLC restated a “hold” rating and set a $60.00 price objective on shares of Reynolds American in a research note on Wednesday, April 26th. Zacks Investment Research lowered shares of Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Piper Jaffray Companies initiated coverage on shares of Reynolds American in a research note on Thursday, May 25th. They set a “neutral” rating and a $67.00 price objective for the company. Finally, BidaskClub lowered shares of Reynolds American from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Reynolds American currently has an average rating of “Hold” and a consensus target price of $59.82.

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A number of institutional investors have recently modified their holdings of RAI. Hudson Bay Capital Management LP purchased a new position in shares of Reynolds American during the fourth quarter valued at $16,807,000. Waldron LP boosted its stake in Reynolds American by 1.4% in the first quarter. Waldron LP now owns 21,417 shares of the company’s stock valued at $1,349,000 after buying an additional 294 shares during the last quarter. Capital Fund Management S.A. boosted its stake in Reynolds American by 2,030.6% in the first quarter. Capital Fund Management S.A. now owns 46,063 shares of the company’s stock valued at $2,903,000 after buying an additional 43,901 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Reynolds American by 0.6% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 4,256 shares of the company’s stock valued at $268,000 after buying an additional 25 shares during the last quarter. Finally, Community Bank of Raymore boosted its stake in Reynolds American by 11.9% in the first quarter. Community Bank of Raymore now owns 16,854 shares of the company’s stock valued at $1,062,000 after buying an additional 1,790 shares during the last quarter. 46.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Reynolds American (NYSE:RAI) traded up 0.551% on Friday, hitting $66.665. 6,163,665 shares of the stock were exchanged. Reynolds American has a 12 month low of $43.38 and a 12 month high of $67.81. The company has a 50-day moving average price of $65.67 and a 200 day moving average price of $62.92. The company has a market cap of $95.11 billion, a PE ratio of 28.922 and a beta of 0.41.

The company also recently declared 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. This represents a $2.04 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, June 8th. Reynolds American’s dividend payout ratio is currently 88.31%.

About Reynolds American

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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Earnings History and Estimates for Reynolds American (NYSE:RAI)

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