Reynolds American Inc (NYSE:RAI) Expected to Announce Quarterly Sales of $3.27 Billion
Brokerages expect Reynolds American Inc (NYSE:RAI) to announce $3.27 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Reynolds American’s earnings. The lowest sales estimate is $3.25 billion and the highest is $3.29 billion. Reynolds American reported sales of $3.20 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The business is expected to report its next earnings results on Tuesday, July 25th.
On average, analysts expect that Reynolds American will report full-year sales of $3.27 billion for the current financial year, with estimates ranging from $12.77 billion to $12.93 billion. For the next year, analysts forecast that the company will post sales of $13.25 billion per share, with estimates ranging from $13.06 billion to $13.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Reynolds American.
Reynolds American (NYSE:RAI) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. Reynolds American had a net margin of 26.23% and a return on equity of 15.64%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis.
RAI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Reynolds American from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Vetr downgraded shares of Reynolds American from a “hold” rating to a “sell” rating and set a $61.64 price target for the company. in a report on Wednesday, April 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $60.00 price target on shares of Reynolds American in a report on Wednesday, April 26th. Piper Jaffray Companies started coverage on shares of Reynolds American in a report on Thursday, May 25th. They issued a “neutral” rating and a $67.00 price target for the company. Finally, BidaskClub downgraded shares of Reynolds American from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.82.
A number of institutional investors have recently bought and sold shares of RAI. Dynamic Advisors Solutions LLC increased its position in Reynolds American by 0.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 6,966 shares of the company’s stock valued at $439,000 after buying an additional 54 shares during the period. Gulf International Bank UK Ltd increased its position in Reynolds American by 24.8% in the first quarter. Gulf International Bank UK Ltd now owns 17,606 shares of the company’s stock valued at $1,109,000 after buying an additional 3,500 shares during the period. Creative Planning increased its position in Reynolds American by 4.5% in the first quarter. Creative Planning now owns 139,205 shares of the company’s stock valued at $8,773,000 after buying an additional 5,972 shares during the period. LifePlan Financial Group Inc increased its position in Reynolds American by 1.7% in the first quarter. LifePlan Financial Group Inc now owns 14,957 shares of the company’s stock valued at $943,000 after buying an additional 243 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in Reynolds American by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 717,399 shares of the company’s stock valued at $45,211,000 after buying an additional 21,946 shares during the period. Hedge funds and other institutional investors own 46.26% of the company’s stock.
Reynolds American (NYSE RAI) opened at 66.89 on Friday. The firm has a 50-day moving average of $65.67 and a 200-day moving average of $62.92. Reynolds American has a 12-month low of $43.38 and a 12-month high of $67.81. The stock has a market cap of $95.43 billion, a PE ratio of 29.02 and a beta of 0.41.
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 of this dividend was Thursday, June 8th. This represents a $2.04 annualized dividend and a yield of 3.05%. Reynolds American’s dividend payout ratio (DPR) is currently 88.31%.
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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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