Analysts forecast that British American Tobacco PLC (NYSE:BTI) will announce $2.02 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for British American Tobacco’s earnings. The firm is scheduled to announce its next earnings results on Thursday, March 28th.

On average, analysts expect that British American Tobacco will report full year earnings of $4.10 per share for the current year, with EPS estimates ranging from $3.93 to $4.20. For the next fiscal year, analysts anticipate that the company will report earnings of $4.39 per share, with EPS estimates ranging from $4.12 to $4.63. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover British American Tobacco.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, February 12th. Citigroup raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Thursday. Piper Jaffray Companies raised British American Tobacco from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 29th. Cowen lowered British American Tobacco from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Finally, Royal Bank of Canada raised British American Tobacco from an “underperform” rating to a “sector perform” rating in a report on Thursday, November 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. British American Tobacco presently has an average rating of “Hold” and an average target price of $53.00.

BTI traded up $0.45 during trading hours on Thursday, hitting $41.22. The stock had a trading volume of 1,715,304 shares, compared to its average volume of 2,947,108. British American Tobacco has a 1 year low of $30.67 and a 1 year high of $60.81. The firm has a market cap of $87.05 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, March 22nd will be issued a $0.6745 dividend. This represents a $2.70 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Thursday, March 21st. British American Tobacco’s dividend payout ratio (DPR) is currently 72.83%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. bought a new position in British American Tobacco in the 3rd quarter worth about $2,720,000. Midas Management Corp boosted its position in shares of British American Tobacco by 22.2% during the 4th quarter. Midas Management Corp now owns 55,000 shares of the company’s stock valued at $1,752,000 after acquiring an additional 10,000 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of British American Tobacco by 22.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 643,164 shares of the company’s stock valued at $29,991,000 after acquiring an additional 118,500 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of British American Tobacco by 77.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,944 shares of the company’s stock valued at $476,000 after acquiring an additional 6,534 shares during the last quarter. Finally, Jefferies Group LLC bought a new stake in shares of British American Tobacco during the 3rd quarter valued at about $1,432,000. 6.32% of the stock is owned by institutional investors.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Earnings History and Estimates for British American Tobacco (NYSE:BTI)

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