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Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Reynolds American's shares outstanding for the quarter that ended in Mar. 2017 was 1,427 Mil.
Reynolds American's quarterly shares outstanding increased from Dec. 2016 (1,426 Mil) to Mar. 2017 (1,427 Mil). It means Reynolds American issued new shares from Dec. 2016 to Mar. 2017 .
Reynolds American's annual shares outstanding declined from Dec. 2015 (1,427 Mil) to Dec. 2016 (1,426 Mil). It means Reynolds American bought back shares from Dec. 2015 to Dec. 2016 .
The historical data trend for Reynolds American's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Reynolds American Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Shares Outstanding (EOP) | Get a 7-Day Free Trial | 1,105.88 | 1,076.11 | 1,062.57 | 1,427.34 | 1,425.82 |
Reynolds American Quarterly Data | ||||||||||||||||||||
Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
Shares Outstanding (EOP) | Get a 7-Day Free Trial | 1,427.34 | 1,427.34 | 1,425.79 | 1,425.82 | 1,426.84 |
For the Tobacco subindustry, Reynolds American's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Tobacco Products industry and Consumer Defensive sector, Reynolds American's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Reynolds American's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
Reynolds American (NYSE:RAI) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Reynolds American's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
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Ronald S Rolfe | director | 825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019 |
Nowell Lionel L Iii | director | 401 NORTH MAIN STREET, WINSTON-SALEM NC 27101 |
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Murray S Kessler | director | 714 GREEN VALLEY ROAD, GREENSBORO NC 27408 |
Nana Mensah | director | 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019 |
Thomas C Wajnert | director | 401 NORTH MAIN STREET, WINSTON SALEM NC 27102 |
Richard E Thornburgh | director | 401 N. MAIN STREET, WINSTON-SALEM NC 27101 |
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Chain John T Jr | director | 401 N. MAIN ST., C/O RJ REYNOLDS TOBACCO HOLDINGS, WINSTON SALEM NC 27102 |
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