British American Tobacco (LON:BATS) Posts Earnings Results

Key Points

• British American Tobacco reported a quarterly earnings per share of GBX 162.90 ($2.15), along with a negative return on equity of 25.94% and a negative net margin of 52.84%.
• The stock traded up to GBX 4,123.85 ($54.48), with a market capitalization of £90.73 billion and a price-to-earnings ratio of -6.65.
• Analysts have shown support for the stock, with Citigroup maintaining a "buy" rating and Deutsche Bank increasing its target price from GBX 4,200 to GBX 4,400.

British American Tobacco (LON:BATS - Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX 162.90 ($2.15) earnings per share for the quarter, Digital Look Earnings reports. British American Tobacco had a negative return on equity of 25.94% and a negative net margin of 52.84%.

British American Tobacco Price Performance

LON BATS traded up GBX 83.85 ($1.11) on Friday, reaching GBX 4,123.85 ($54.48). 4,880,971 shares of the stock traded hands, compared to its average volume of 10,624,846. The company has a market cap of £90.73 billion, a price-to-earnings ratio of -6.65, a P/E/G ratio of 3.12 and a beta of 0.27. The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 74.63. The firm's fifty day simple moving average is GBX 3,609 and its 200 day simple moving average is GBX 3,301.83. British American Tobacco has a 12 month low of GBX 2,556.23 ($33.77) and a 12 month high of GBX 4,149 ($54.81).

Wall Street Analyst Weigh In

BATS has been the topic of several analyst reports. Citigroup restated a "buy" rating on shares of British American Tobacco in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on British American Tobacco from GBX 4,200 ($55.48) to GBX 4,400 ($58.12) and gave the company a "buy" rating in a research report on Thursday.

Insider Buying and Selling at British American Tobacco

In related news, insider Tadeu Marroco acquired 206 shares of British American Tobacco stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of GBX 3,379 ($44.64) per share, with a total value of £6,960.74 ($9,195.17). Over the last three months, insiders acquired 829 shares of company stock worth $2,751,446. Company insiders own 10.55% of the company's stock.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector. BAT is transforming and is well positioned with a global footprint and multi-category portfolio.

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