Swedish Match AB (publ) Expected to Earn Q3 2021 Earnings of $0.11 Per Share (OTCMKTS:SWMAY)

Swedish Match AB (publ) (OTCMKTS:SWMAY) – Equities researchers at Jefferies Financial Group issued their Q3 2021 earnings per share estimates for Swedish Match AB (publ) in a report issued on Tuesday, October 19th. Jefferies Financial Group analyst O. Bennett anticipates that the company will post earnings of $0.11 per share for the quarter. Jefferies Financial Group also issued estimates for Swedish Match AB (publ)’s Q4 2021 earnings at $0.10 EPS, FY2021 earnings at $0.42 EPS, FY2022 earnings at $0.46 EPS and FY2023 earnings at $0.47 EPS.

Several other research firms also recently commented on SWMAY. UBS Group reissued a “buy” rating on shares of Swedish Match AB (publ) in a report on Thursday, July 1st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Swedish Match AB (publ) in a report on Wednesday, July 21st. Barclays reissued an “overweight” rating on shares of Swedish Match AB (publ) in a report on Tuesday, September 28th. Panmure Gordon raised shares of Swedish Match AB (publ) from a “sell” rating to a “hold” rating in a report on Wednesday, September 15th. Finally, Societe Generale reaffirmed a “buy” rating on shares of Swedish Match AB (publ) in a research note on Thursday, July 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $10.00.

SWMAY stock opened at $9.18 on Thursday. Swedish Match AB has a one year low of $6.00 and a one year high of $9.90. The company’s fifty day moving average price is $8.91 and its 200-day moving average price is $15.46. The company has a market capitalization of $14.50 billion, a PE ratio of 21.96 and a beta of 0.45.

Swedish Match AB (publ) (OTCMKTS:SWMAY) last issued its quarterly earnings results on Tuesday, July 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Swedish Match AB (publ) had a net margin of 32.42% and a negative return on equity of 81.12%. The business had revenue of $535.15 million for the quarter, compared to the consensus estimate of $491.28 million.

Swedish Match AB (publ) Company Profile

Swedish Match AB engages in the manufacture and trade of lighters and tobacco products. It operates through the following segments: Snus and Moist Snuff; Other Tobacco Products; Lights; and Other Operations. The Snus and Moist Snuff segment produces and markets smokeless cigarettes. The Other Tobacco Products segment manufactures and sells chewing tobacco and cigars.

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