Brokers Issue Forecasts for Swedish Match AB (publ)’s Q3 2022 Earnings (OTCMKTS:SWMAY)

Swedish Match AB (publ) (OTCMKTS:SWMAYGet Rating) – Research analysts at Jefferies Financial Group upped their Q3 2022 earnings estimates for shares of Swedish Match AB (publ) in a report issued on Thursday, May 19th. Jefferies Financial Group analyst O. Bennett now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their prior forecast of $0.12. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Swedish Match AB (publ)’s Q4 2022 earnings at $0.12 EPS.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Swedish Match AB (publ) from an “underweight” rating to a “neutral” rating in a research note on Tuesday, May 10th. Credit Suisse Group upped their target price on Swedish Match AB (publ) from SEK 88 to SEK 106 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group downgraded Swedish Match AB (publ) from a “buy” rating to a “neutral” rating in a research note on Monday. Zacks Investment Research upgraded Swedish Match AB (publ) from a “sell” rating to a “hold” rating in a research note on Thursday, March 17th. Finally, Barclays increased their price target on Swedish Match AB (publ) from SEK 88 to SEK 125 and gave the stock an “overweight” rating in a research report on Thursday, May 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.96.

Swedish Match AB (publ) stock opened at $10.21 on Friday. The business’s 50-day simple moving average is $8.16 and its two-hundred day simple moving average is $7.82. The company has a market cap of $15.57 billion, a PE ratio of 22.64 and a beta of 0.55. Swedish Match AB has a fifty-two week low of $6.00 and a fifty-two week high of $10.35.

Swedish Match AB (publ) (OTCMKTS:SWMAYGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $536.53 million for the quarter, compared to the consensus estimate of $525.03 million. Swedish Match AB (publ) had a negative return on equity of 81.47% and a net margin of 31.35%.

The business also recently declared a dividend, which was paid on Thursday, May 19th. Investors of record on Friday, April 29th were issued a $0.0663 dividend. The ex-dividend date of this dividend was Thursday, April 28th. This represents a dividend yield of 0.81%. Swedish Match AB (publ)’s dividend payout ratio is presently 13.64%.

Swedish Match AB (publ) Company Profile (Get Rating)

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, nicotine free products, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, Thunder, VOLT, Swave, ZYN, G.4, Onico, Qvitt, Longhorn, and Timber Wolf brand names.

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Earnings History and Estimates for Swedish Match AB (publ) (OTCMKTS:SWMAY)

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