Reynolds American (RAI)
Next up in the tobacco stocks earnings procession is Reynolds American (RAI), which reports before the bell on Tuesday, Oct. 22.
Analysts expecting RAI to report earnings of 86 cents per share, vs. 79 cents in the year-ago period.
Unlike PM, shares of the maker of Camel, Pall Mall and other cigarette brands have been on fire, with this leading tobacco stock up 22% in 2013.
Also, in May, RAI boosted its quarterly dividend by 4 cents a share to 63 cents to put the stock’s current yield at a very attractive 5%.
If Reynolds can log an earnings beat this quarter — a good possibility considering estimates have ticked up in the past couple months — look for RAI shares to continue smoking.