News stories about Reynolds American (NYSE:RAI) have been trending positive on Wednesday, according to AlphaOne. The research group, a division of Accern, identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Reynolds American earned a daily sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted AlphaOne Sentiment’s rankings:
- The Reynolds American, Inc. (RAI) Position Raised by Advisor Partners LLC – BangaloreWeekly (bangaloreweekly.com)
- Reynolds American Inc. (NYSE:RAI) Valuation Review & Update – Concord Register (concordregister.com)
- ETFs with exposure to Reynolds American, Inc. : May 12, 2017 (finance.yahoo.com)
- Reynolds American Inc. (NYSE:RAI) EBITDA Yield & Shareholder Return Update – Lenox Ledger (lenoxledger.com)
- Reynolds American, Inc. :RAI-US: Earnings Analysis: Q1, 2017 By the Numbers : May 11, 2017 (finance.yahoo.com)
RAI has been the topic of several research reports. Zacks Investment Research upgraded Reynolds American from a “sell” rating to a “hold” rating in a research note on Monday, February 13th. Wells Fargo & Co cut Reynolds American from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 23rd. Citigroup Inc cut Reynolds American from a “buy” rating to a “neutral” rating and upped their price objective for the company from $57.00 to $60.00 in a research note on Wednesday, January 18th. Vetr upgraded Reynolds American from a “sell” rating to a “hold” rating and set a $60.00 price objective on the stock in a research note on Monday, February 13th. Finally, Cowen and Company cut Reynolds American from an “outperform” rating to a “market perform” rating and set a $60.00 price objective on the stock. in a research note on Friday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $57.29.
Shares of Reynolds American (NYSE:RAI) opened at 66.27 on Wednesday. The firm has a market capitalization of $94.55 billion, a PE ratio of 28.75 and a beta of 0.42. Reynolds American has a 12 month low of $43.38 and a 12 month high of $66.31. The stock’s 50 day moving average price is $64.18 and its 200-day moving average price is $59.41.
Reynolds American (NYSE:RAI) last posted its earnings results 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. Reynolds American had a net margin of 48.57% and a return on equity of 15.40%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the firm posted $0.50 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Reynolds American will post $2.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Thursday, June 8th. Reynolds American’s dividend payout ratio (DPR) is currently 43.29%.
In other news, CFO Andrew D. Gilchrist sold 54,030 shares of Reynolds American stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $61.21, for a total value of $3,307,176.30. Following the completion of the transaction, the chief financial officer now owns 96,030 shares in the company, valued at $5,877,996.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nancy H. Hawley sold 5,586 shares of Reynolds American stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $60.68, for a total transaction of $338,958.48. Following the completion of the transaction, the executive vice president now owns 10,175 shares of the company’s stock, valued at approximately $617,419. The disclosure for this sale can be found here. Insiders sold 99,110 shares of company stock valued at $6,051,675 in the last quarter. 0.11% of the stock is currently owned by corporate insiders.
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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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