Reynolds American (RAI) NewsBite - RAI Earnings Preview
Oct 21, 2009 (Fresh Brewed Media via COMTEX) --
Company: Reynolds American Inc (RAI)
Reynolds American (NYSE: RAI) opened at $49.68. So far today, the stock has hit a low of $48.87 and a high of $49.81. RAI is now trading at $49.18, down $0.69 (-1.38%). Over the last 52 weeks the stock has ranged from a low of $31.55 to a high of $50.00. RAI is scheduled to report earnings tomorrow. Analysts are expecting the company to post a profit of $1.18 per share on revenue of $2.19 billion. Technical indicators for the stock are bullish and S&P gives RAI a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on RAI the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 55 range.
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News Provided by COMTEX
Company: Reynolds American Inc (RAI)
Related terms: earnings, nyse, profit, revenue, S&P
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