Reynolds American Inc. (NYSE:RAI) – Investment analysts at Jefferies Group issued their Q3 2016 earnings per share estimates for shares of Reynolds American in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Bennett forecasts that the brokerage will post earnings of $0.63 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $62.00 target price on the stock.
Reynolds American (NYSE:RAI) last announced its earnings results on Tuesday, July 26th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.03. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.26 billion. Reynolds American had a net margin of 42.97% and a return on equity of 15.24%. The business’s revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 earnings per share.
Other equities analysts have also recently issued research reports about the company. Vetr upgraded Reynolds American from a “buy” rating to a “strong-buy” rating and set a $56.12 price target for the company in a report on Thursday, September 8th. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $57.00 price target (up previously from $55.00) on shares of Reynolds American in a report on Friday, July 15th. Credit Agricole SA upgraded Reynolds American from an “underperform” rating to an “outperform” rating and upped their price target for the stock from $52.00 to $54.00 in a report on Monday, August 8th. They noted that the move was a valuation call. Finally, Cowen and Company restated an “outperform” rating and issued a $57.00 price target on shares of Reynolds American in a report on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.93.
Reynolds American (NYSE:RAI) opened at 47.08 on Wednesday. The firm has a market capitalization of $67.20 billion, a PE ratio of 12.70 and a beta of 0.40. The stock has a 50 day moving average of $48.24 and a 200-day moving average of $50.01. Reynolds American has a one year low of $44.06 and a one year high of $54.48.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from Reynolds American’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, September 8th. Reynolds American’s dividend payout ratio (DPR) is 49.73%.
In related news, major shareholder American Tobacco P.L.C British sold 660,385 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total transaction of $31,718,291.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.
Large investors have recently modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in shares of Reynolds American during the second quarter valued at approximately $109,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of Reynolds American during the second quarter valued at approximately $130,000. Quadrant Capital Group LLC boosted its stake in shares of Reynolds American by 7.4% in the second quarter. Quadrant Capital Group LLC now owns 2,928 shares of the company’s stock valued at $150,000 after buying an additional 203 shares during the period. Community Bank N.A. boosted its stake in shares of Reynolds American by 148.2% in the second quarter. Community Bank N.A. now owns 2,834 shares of the company’s stock valued at $153,000 after buying an additional 1,692 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Reynolds American by 155.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,891 shares of the company’s stock valued at $156,000 after buying an additional 1,759 shares during the period. Hedge funds and other institutional investors own 46.92% of the company’s stock.
About Reynolds American
Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).
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