British American Tobacco (LON:BATS) Releases Quarterly Earnings Results

British American Tobacco (LON:BATS) released its quarterly earnings data on Thursday. The company reported GBX 176.76 EPS for the quarter, Digital Look Earnings reports. British American Tobacco had a negative net margin of 52.84% and a negative return on equity of 25.94%.

British American Tobacco Stock Down 0.3%

Shares of British American Tobacco stock opened at GBX 4,391 on Friday. The company has a debt-to-equity ratio of 74.63, a quick ratio of 0.47 and a current ratio of 0.88. British American Tobacco has a 52-week low of GBX 2,916 and a 52-week high of GBX 4,806. The company’s 50 day moving average price is GBX 4,285.87 and its 200-day moving average price is GBX 4,154.62. The stock has a market capitalization of £95.27 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 3.12 and a beta of 0.27.

Key Headlines Impacting British American Tobacco

Here are the key news stories impacting British American Tobacco this week:

• Positive Sentiment: Annual profit jump and a fresh buyback programme announced, which supports shareholder returns and cash-return upside. British American Tobacco annual profit surges, unveils new buyback
• Positive Sentiment: Full‑year profits surged even as revenues edged lower, indicating margin improvement and pricing/premium product strength. British American Tobacco FY revenues edge lower, profits surge
• Positive Sentiment: BAT reported 2025 results ahead of forecasts and reiterated guidance, which reduces near‑term earnings uncertainty. BAT reports 2025 results ahead of forecasts, reiterates guidance
• Positive Sentiment: Smokeless portfolio (Velo nicotine pouches) continues to boost profit and supports the growth narrative beyond combustible tobacco. British American Tobacco: Can Smokeless Growth Drive the Next Leg Higher?
• Neutral Sentiment: Company released preliminary results/official filing — confirms the numbers investors are parsing for guidance and buyback funding. BRITISH AMERICAN TOBACCO PLC – Preliminary results for the year ended 31 December 2025
• Neutral Sentiment: Management signals plans to “simplify” and boost productivity (including AI initiatives) — could mean cost savings but also restructuring risk and one‑off charges. Job cuts loom as BAT plans to ‘simplify’ and boost productivity
• Negative Sentiment: CEO warns BAT had repeatedly alerted South Africa about illicit tobacco and may end local production if illegal sales persist — regulatory, operational and revenue loss risk in a key market. BAT Warned South Africa for Years Over Illicit Tobacco, CEO Says
• Negative Sentiment: Quarterly metrics show negative return on equity and a weak net margin in reported figures, highlighting capital efficiency and profitability concerns beneath headline profit gains. British American Tobacco stock / earnings summary

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BATS shares. Deutsche Bank Aktiengesellschaft increased their target price on British American Tobacco from GBX 4,400 to GBX 4,900 and gave the stock a “buy” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. boosted their target price on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Jefferies Financial Group reissued a “buy” rating and set a GBX 5,200 price target on shares of British American Tobacco in a research note on Tuesday, January 20th. Finally, Citigroup upped their price objective on shares of British American Tobacco from GBX 4,450 to GBX 4,850 and gave the company a “buy” rating in a research note on Friday, November 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 4,500.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.