Imperial Brands PLC (IMB) Issues Quarterly Earnings Results

Imperial Brands PLC (LON:IMB) released its earnings results on Tuesday, November 7th. The company reported GBX 267 ($3.51) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 264.40 ($3.48) by GBX 2.60 ($0.03), Bloomberg Earnings reports. Imperial Brands PLC had a return on equity of 25.54% and a net margin of 4.83%. The firm had revenue of GBX 3,024.70 billion for the quarter.

Shares of Imperial Brands PLC (IMB) opened at GBX 3,131.50 ($41.19) on Friday. Imperial Brands PLC has a twelve month low of GBX 3,015.50 ($39.66) and a twelve month high of GBX 3,956.50 ($52.04).

The company also recently declared a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, February 22nd will be issued a dividend of GBX 59.51 ($0.78) per share. This represents a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 22nd.

In related news, insider Simon Langelier acquired 31 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average cost of GBX 3,258 ($42.85) per share, with a total value of £1,009.98 ($1,328.40).

IMB has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on Imperial Brands PLC from GBX 3,600 ($47.35) to GBX 3,500 ($46.03) and set an “outperform” rating on the stock in a research report on Tuesday, October 3rd. Goldman Sachs Group Inc reiterated a “conviction-buy” rating and issued a GBX 3,770 ($49.59) target price (up previously from GBX 3,770 ($49.59)) on shares of Imperial Brands PLC in a research report on Friday. Jefferies Group LLC set a GBX 3,600 ($47.35) target price on Imperial Brands PLC and gave the company a “buy” rating in a research report on Monday, October 2nd. Barclays PLC set a GBX 4,300 ($56.56) target price on Imperial Brands PLC and gave the company a “buy” rating in a research report on Wednesday, September 6th. Finally, Citigroup Inc. set a GBX 3,400 ($44.72) target price on Imperial Brands PLC and gave the company a “neutral” rating in a research report on Friday, September 29th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 3,918.44 ($51.54).

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Imperial Brands PLC Company Profile

Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.

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