Imperial Brands (LON:IMB – Get Free Report) announced its earnings results on Tuesday. The company reported GBX 127.70 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 1,471.90 billion during the quarter. Imperial Brands had a return on equity of 42.31% and a net margin of 10.91%.
Here are the key takeaways from Imperial Brands’ conference call:
- The company said it is on track to meet full-year guidance, including low-single-digit tobacco net revenue growth, double-digit NGP net revenue growth, 3% to 5% adjusted operating profit growth, and at least high-single-digit EPS growth.
- First-half results showed solid cash generation, with GBP 2.6 billion of free cash flow over the last 12 months and operating cash conversion of 98%, supporting continued capital returns.
- Management highlighted that tobacco pricing more than offset volume declines, while NGP growth was temporarily held back by one-off U.S. promotional timing that they expect will not repeat in the second half.
- The company reiterated its shareholder returns strategy, including a 4% increase in the ordinary dividend and progress on the GBP 1.45 billion buyback, which management called an evergreen program.
- Strategic transformation is accelerating, with factory rationalization, the Capgemini partnership, and other efficiency actions expected to deliver about GBP 320 million of annual savings over time, while also building capabilities for longer-term growth.
Imperial Brands Stock Performance
Imperial Brands stock traded up GBX 54 on Tuesday, hitting GBX 2,782. The company’s stock had a trading volume of 4,460,155 shares, compared to its average volume of 22,582,580. The company has a fifty day moving average price of GBX 3,007.88 and a 200-day moving average price of GBX 3,101.46. The firm has a market cap of £21.55 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 16.51 and a beta of 0.17. Imperial Brands has a one year low of GBX 2,648 and a one year high of GBX 3,341. The company has a quick ratio of 0.41, a current ratio of 0.74 and a debt-to-equity ratio of 207.21.
Insider Transactions at Imperial Brands
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,500 price target on shares of Imperial Brands in a report on Wednesday, April 15th. Citigroup cut their target price on shares of Imperial Brands from GBX 3,650 to GBX 3,550 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,700 price target on shares of Imperial Brands in a report on Wednesday, April 15th. Finally, UBS Group restated a “neutral” rating and issued a GBX 3,150 price target on shares of Imperial Brands in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 3,466.67.
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Imperial Brands Company Profile
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