Stock Update (NYSE:RAI): Advisory: RAI to host 1Q16 earnings conference call

[PR Newswire] – WINSTON-SALEM, N.C., April 12, 2016 /PRNewswire/ — Reynolds American Inc. (NYSE: RAI) has announced the following: “RAI to host 1Q16 earnings conference call on April 26.” Go to RAI’s website, … Read more on this. Reynolds American Inc. (RAI) , currently valued at $72.27B, started the session at $51.19. Today, shares have traded between $50.46 and $51.37 per share with its 52-week range being $35.39 to $52.54. RAI shares are currently priced at 21.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.44x earnings multiple. And for dividend hunters, the company pays shareholders $1.68 per share annually in dividends, yielding 3.30%. According to a consensus of 8 analysts, the earnings estimate of $0.50 per share would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $2.35 which would be a $0.37 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.93 Billion. If reported, that would be a 42.23% increase over the year-ago quarter. Recently, RBC Capital Mkts downgraded RAI from Top Pick to Outperform (Nov 3, 2015). Previously, Credit Agricole downgraded RAI from Outperform to Underperform. The average price target for RAI shares by the analysts covering the stock is $55.25, which is 7.93% above where the stock opened this morning. See more in (NYSE:RAI) Similar Articles: Market Update (NYSE:RAI): Advisory: RAI to webcast at Consumer Analyst Group of New York Conference Stock Update (NYSE:RAI): Advisory: RAI to host 4Q15 earnings conference call Company Update: Reynolds American Inc (NYSE:RAI) – Advisory: RAI to host 3Q15 earnings conference call