British American Tobacco (NYSE:BTI) Releases FY 2026 Earnings Guidance

British American Tobacco (NYSE:BTI) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 4.725-4.725 for the period, compared to the consensus EPS estimate of 4.810. The company issued revenue guidance of $33.7 billion-$33.7 billion, compared to the consensus revenue estimate of $35.0 billion.

British American Tobacco Stock Down 1.6%

Shares of British American Tobacco stock opened at $60.71 on Friday. British American Tobacco has a 1-year low of $49.88 and a 1-year high of $67.30. The firm’s 50-day moving average price is $61.19 and its two-hundred day moving average price is $60.24. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

A number of brokerages have issued reports on BTI. Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. BTIG Research assumed coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They issued a “buy” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Monday, June 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, British American Tobacco has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco News Summary

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

• Positive Sentiment: British American Tobacco reported progress in its next-generation nicotine business during the first half of 2026. New categories contributed more revenue, growth accelerated, margins improved, and the vaping division returned to growth after a two-year downturn. These developments support the company’s long-term transition away from traditional tobacco and may justify a valuation premium. British American Tobacco: The Right Kind Of Growth
• Positive Sentiment: Analyst commentary highlighted British American Tobacco among consumer-goods companies under review, potentially drawing attention to its recurring cash flow, dividend appeal and smoke-free growth strategy. Analysts Offer Insights on Consumer Goods Companies
• Neutral Sentiment: The company’s second-quarter earnings call and presentation provided additional detail on results and management’s smoke-free transition, but the immediate share-price impact depends on how investors interpret the outlook and execution risks. BTI Q2 2026 Earnings Call Transcript
• Negative Sentiment: British American Tobacco’s updated fiscal 2026 outlook trails analyst expectations: EPS guidance of 4.725 is below the 4.810 consensus, while revenue guidance of $33.7 billion is below the $35.0 billion estimate. The reduced outlook is likely the main reason investors have pressured the stock.
• Negative Sentiment: Reported quarterly EPS of $1.11 and revenue of $8.10 billion were substantially below consensus estimates of $2.21 and $16.42 billion, respectively. Although the magnitude may reflect reporting or accounting differences, the headline miss creates near-term confidence concerns. British American Tobacco Earnings Results

Hedge Funds Weigh In On British American Tobacco

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sivia Capital Partners LLC lifted its position in British American Tobacco by 42.5% during the second quarter. Sivia Capital Partners LLC now owns 8,455 shares of the company’s stock worth $400,000 after acquiring an additional 2,521 shares during the last quarter. Carter Financial Group INC. lifted its holdings in British American Tobacco by 7.0% during the 4th quarter. Carter Financial Group INC. now owns 4,092 shares of the company’s stock worth $235,000 after purchasing an additional 269 shares during the last quarter. Canopy Partners LLC bought a new stake in British American Tobacco in the 4th quarter valued at $217,000. VestGen Advisors LLC acquired a new position in British American Tobacco in the 4th quarter valued at $209,000. Finally, Diversify Advisory Services LLC bought a new position in British American Tobacco during the 2nd quarter worth $207,000. 16.16% of the stock is owned by institutional investors.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.