Revenue Update on Reynolds American(NYSE:RAI)

Reynolds American(NYSE:RAI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $3.19B. Analysts estimated a revenue of $3.26B. Earnings per share were $0.58. Analysts had estimated an EPS of $0.61.

In a different note, Berenberg said it Initiates Coverage on Reynolds American, according to a research note issued on Jun 14, 2016. The shares have been rated ‘Hold’ by the firm.

Reynolds American (RAI) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.24% at a volume of 41,49,971. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.55. The peak price level was also seen at $50.55 while the days lowest was $49.96. Finally the shares closed at $50.06. The 52-week high of the shares is $54.48 while the 52-week low is $35.695. According to the latest information available, the market cap of the company is $71,453 M.

Several Insider Transactions has been reported to the SEC. On May 9, 2016, Susan M. Cameron (President and CEO) sold 105,766 shares at $49.88 per share price.Also, On May 9, 2016, Thomas C Wajnert (director) sold 5,000 shares at $49.82 per share price.On Mar 15, 2016, Nancy H. Hawley (EVP – Operations of RJRT) sold 6,817 shares at $51.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Company’s wholly owned subsidiaries include R. J. Reynolds Tobacco Company American Snuff Company LLC (American Snuff Co.) Lorillard Inc. Santa Fe Natural Tobacco Company Inc. (SFNTC) R. J. Reynolds Vapor Company (RJR Vapor) Niconovum USA Inc. and Niconovum AB.

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