Imperial Brands (LON:IMB) Shares Down 6.4% – Here’s What Happened

Imperial Brands PLC (LON:IMB) dropped 6.4% during mid-day trading on Thursday . The company traded as low as GBX 2,648 ($35.13) and last traded at GBX 2,705.54 ($35.89). Approximately 5,514,675 shares traded hands during trading, a decline of 16% from the average daily volume of 6,558,627 shares. The stock had previously closed at GBX 2,890 ($38.34).

Imperial Brands Stock Performance

The business’s fifty day moving average price is GBX 2,886.43 and its 200-day moving average price is GBX 2,697.80. The company has a debt-to-equity ratio of 166.91, a quick ratio of 0.41 and a current ratio of 0.72. The stock has a market cap of £22.47 billion, a PE ratio of 11.34, a P/E/G ratio of 16.51 and a beta of 0.42.

Imperial Brands (LON:IMB) last announced its quarterly earnings results on Wednesday, May 14th. The company reported GBX 123.90 ($1.64) earnings per share (EPS) for the quarter. Imperial Brands had a net margin of 11.44% and a return on equity of 41.84%. As a group, equities research analysts forecast that Imperial Brands PLC will post 246.5723613 EPS for the current fiscal year.

Imperial Brands Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, February 20th were issued a GBX 54.26 ($0.72) dividend. This is an increase from Imperial Brands’s previous dividend of $22.45. The ex-dividend date of this dividend was Thursday, February 20th. This represents a dividend yield of 2.43%. Imperial Brands’s dividend payout ratio (DPR) is presently 64.80%.

Insider Buying and Selling

In other Imperial Brands news, insider Stefan Bomhard sold 112,183 shares of the firm’s stock in a transaction that occurred on Monday, February 17th. The shares were sold at an average price of GBX 2,788 ($36.99), for a total transaction of £3,127,662.04 ($4,149,193.47). 7.33% of the stock is currently owned by insiders.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.