British American Tobacco PLC (NYSE:BTI) – Investment analysts at Jefferies Group lowered their FY2018 earnings per share estimates for shares of British American Tobacco in a research report issued on Monday, March 12th, according to Zacks Investment Research. Jefferies Group analyst O. Bennett now expects that the company will earn $4.20 per share for the year, down from their previous estimate of $4.24.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Citigroup lowered British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. British American Tobacco presently has a consensus rating of “Buy” and a consensus price target of $79.00.
Shares of British American Tobacco stock traded up $0.20 during trading hours on Wednesday, hitting $60.27. The company’s stock had a trading volume of 2,170,168 shares, compared to its average volume of 2,060,259. British American Tobacco has a twelve month low of $53.38 and a twelve month high of $73.41. The firm has a market cap of $128,008.80, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Friday, October 5th will be paid a dividend of $0.6792 per share. This represents a $2.72 annualized dividend and a yield of 4.51%. The ex-dividend date is Thursday, October 4th. British American Tobacco’s payout ratio is 54.89%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sawtooth Solutions LLC lifted its stake in British American Tobacco by 120.1% during the 4th quarter. Sawtooth Solutions LLC now owns 9,820 shares of the company’s stock worth $658,000 after acquiring an additional 5,359 shares in the last quarter. We Are One Seven LLC purchased a new stake in British American Tobacco during the 4th quarter worth about $114,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in British American Tobacco during the 4th quarter worth about $827,000. Banco de Sabadell S.A purchased a new stake in British American Tobacco during the 4th quarter worth about $2,334,000. Finally, Glovista Investments LLC purchased a new stake in British American Tobacco during the 4th quarter worth about $3,060,000. 8.80% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “British American Tobacco PLC (BTI) Expected to Post FY2018 Earnings of $4.20 Per Share” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/08/british-american-tobacco-plc-bti-expected-to-earn-fy2018-earnings-of-4-20-per-share.html.
British American Tobacco Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
Get a free copy of the Zacks research report on British American Tobacco (BTI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.