British American Tobacco PLC (BTI) Expected to Post FY2018 Earnings of $4.20 Per Share

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.

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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.

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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).

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