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

Imperial Brands PLC (LON:IMB - Get Free Report) shares dropped 6.4% during mid-day trading 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 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 Trading Up 1.4%

The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41. The company has a market cap of £22.70 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 16.51 and a beta of 0.42. The business's 50-day simple moving average is GBX 2,883.09 and its 200-day simple moving average is GBX 2,703.24.

Imperial Brands (LON:IMB - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported GBX 123.90 ($1.65) earnings per share (EPS) for the quarter. Imperial Brands had a net margin of 11.44% and a return on equity of 41.84%. Research analysts predict that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Imperial Brands Increases Dividend

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

Insiders Place Their Bets

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

Imperial Brands Company Profile

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.