Reynolds American (RAI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $0.50 EPS for the quarter. Analysts had a consensus estimate of $0.50. The company posted revenue of $2917.00 million in the period, compared to analysts expectations of $2936.11 million. The company’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on Reynolds American. Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $53 .
Reynolds American opened for trading at $47.39 and hit $47.85 on the upside on Friday, eventually ending the session at $47.83, with a gain of 0.53% or 0.25 points. The heightened volatility saw the trading volume jump to 66,81,651 shares. Company has a market cap of $68,270 M.
In a different news, on Mar 15, 2016, Martin L. Iii Holton (EVP, Gen. Counsel & Asst. Sec) sold 41,752 shares at $51.59 per share price. According to the SEC, on Mar 15, 2016, Lisa J Caldwell (EVP & Chief HR Officer) sold 33,499 shares at $51.44 per share price. On Mar 15, 2016, Daniel A Fawley (SVP & Treasurer) sold 16,577 shares at $51.57 per share price, according to the Form-4 filing with the securities and exchange commission.
Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company American Snuff Company LLC (American Snuff Co.) Lorillard Inc. Santa Fe Natural Tobacco Company Inc. (SFNTC) R. J. Reynolds Vapor Company (RJR Vapor) Niconovum USA Inc. and Niconovum AB.