Imperial Brands (LON:IMB) Shares Down 6.4% - Here's What Happened

Shares of Imperial Brands PLC (LON:IMB - Get Free Report) dropped 6.4% on Thursday . The company traded as low as GBX 2,648 ($35.18) and last traded at GBX 2,705.54 ($35.94). Approximately 5,514,675 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 6,558,627 shares. The stock had previously closed at GBX 2,890 ($38.39).

Imperial Brands Stock Performance

The business has a fifty day simple moving average of GBX 2,883.09 and a two-hundred day simple moving average of GBX 2,703.24. The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91. The company has a market cap of £22.70 billion, a P/E ratio of 11.45, a P/E/G ratio of 16.51 and a beta of 0.42.

Imperial Brands (LON:IMB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported GBX 123.90 ($1.65) EPS for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. On average, sell-side analysts anticipate that Imperial Brands PLC will post 246.5723613 EPS for the current year.

Imperial Brands Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 20th were issued a dividend of GBX 54.26 ($0.72) per share. This represents a yield of 2.43%. The ex-dividend date was Thursday, February 20th. This is a boost from Imperial Brands's previous dividend of $22.45. Imperial Brands's dividend payout ratio (DPR) is currently 64.80%.

Insider Transactions at Imperial Brands

In other news, insider Stefan Bomhard sold 112,183 shares of Imperial Brands stock in a transaction that occurred on Monday, February 17th. The stock was sold at an average price of GBX 2,788 ($37.04), for a total value of £3,127,662.04 ($4,154,705.15). Company insiders own 7.33% of the company's stock.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company. We're driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world's one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.