Imperial Brands (LON:IMB) Releases Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Imperial Brands (LON:IMB) posted its quarterly earnings data on Tuesday. The company reported GBX 103 ($1.35) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 102.60 ($1.35) by GBX 0.40 ($0.01), Digital Look Earnings reports.

LON IMB traded down GBX 8.50 ($0.11) during trading hours on Thursday, reaching GBX 1,527.50 ($20.09). The company’s stock had a trading volume of 1,789,238 shares, compared to its average volume of 2,680,000. The company has a debt-to-equity ratio of 244.63, a quick ratio of 0.43 and a current ratio of 0.90. The company’s 50-day moving average is GBX 1,596.70 and its two-hundred day moving average is GBX 1,708.34. Imperial Brands has a fifty-two week low of GBX 1,258.20 ($16.55) and a fifty-two week high of GBX 2,256 ($29.68). The stock has a market cap of $14.46 billion and a PE ratio of 14.44.

The company also recently declared a dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, August 20th will be paid a dividend of GBX 20.85 ($0.27) per share. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 20th. Imperial Brands’s dividend payout ratio (DPR) is presently 272.21%.

A number of brokerages have recently issued reports on IMB. Royal Bank of Canada boosted their price target on shares of Imperial Brands from GBX 1,600 ($21.05) to GBX 1,700 ($22.36) and gave the stock a “sector performer” rating in a research note on Wednesday. Morgan Stanley cut their target price on Imperial Brands from GBX 1,755 ($23.09) to GBX 1,685 ($22.17) and set an “underweight” rating for the company in a research note on Tuesday, March 3rd. Deutsche Bank reissued a “buy” rating on shares of Imperial Brands in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Imperial Brands from GBX 2,100 ($27.62) to GBX 1,700 ($22.36) and set a “neutral” rating on the stock in a report on Tuesday, March 10th. Finally, UBS Group reissued a “neutral” rating on shares of Imperial Brands in a report on Friday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,987.50 ($26.14).

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

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