Reynolds American (RAI) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Reynolds American (RAI) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.58 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.61. The company posted revenue of $3195.00 million in the period, compared to analysts expectations of $3259.13 million. The company’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Reynolds American. Berenberg Initiated Reynolds American on Jun 14, 2016 to “Hold”, Price Target of the shares are set at $54.

Reynolds American closed down -0.21 points or -0.40% at $52.36 with 22,70,739 shares getting traded on Wednesday. Post opening the session at $52.78, the shares hit an intraday low of $52.31 and an intraday high of $52.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 9, 2016, Susan M. Cameron (President and CEO) sold 105,766 shares at $49.88 per share price. According to the SEC, on May 9, 2016, Thomas C Wajnert (director) sold 5,000 shares at $49.82 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 Company’s 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.

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