Reynolds American, Inc. (RAI) is an American tobacco company and is the second-largest tobacco company in the United States. Its holdings include R. J. Reynolds Tobacco Company, American Snuff Company (formerly Conwood Company), Santa Fe Natural Tobacco Company and Niconovum AB. Reynolds American's subsidiaries manufacture and market a variety of tobacco products, including cigarettes (Newport, Camel, Pall Mall, Kent, Doral, Misty, Capri and Natural American Spirit brands) and moist snuff (Grizzly and Kodiak brands). In 2010, Reynolds American's operating companies sold about 28% of all cigarettes sold in the U.S. In July 2014, Reynolds American announced the purchase of Lorillard Tobacco Company in a deal valued at $27 billion.
Reported before earnings today (4/26/16) Earnings: EPS $0.50 Revenue $2.91B Estimates: EPS $0.50 Revenue $2.91B
Reported before open today (10/19/16) Earnings: EPS $0.61 Revenue $3.21B Estimates: EPS $0.65 Revenue $3.31B Down 2.07% today
+17% on the open this morning Reynolds American — British American Tobacco offered to buy the 58 percent of the tobacco producer that it doesn't already own for $47 billion or $56.50 per share. That represents a 20 percent premium to the Thursday closing price for Reynolds, which said it would evaluate the offer.
Analyst Upgrade/Downgrade Update Brokerage firm: Berenberg Change: Upgrade Previous Rating: Hold Current Rating: Buy Previous Price Target: N/A Current Price Target: N/A
Analyst Upgrade/Downgrade Update Brokerage firm: CLSA Change: Downgrade Previous Rating: Outperform Current Rating: Underperform Previous Price Target: N/A Current Price Target: N/A
