|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.55 - 52.11|
|52 Week Range||48.00 - 71.74|
|PE Ratio (TTM)||2.14|
|Forward Dividend & Yield||2.72 (5.25%)|
|1y Target Est||69.16|
Philip Morris International (PM) reported its second-quarter earnings before the market opened on July 19. The company posted adjusted EPS of $1.41 on revenues of $7.73 billion. Compared to the second quarter of 2017, the company’s revenues grew 11.7%, while its EPS increased 23.7%.
Smoking causes cancer, and frankly investors in tobacco stocks haven't been breathing easier as of late: Altria (MO), Philip Morris International (PM), and British American Tobacco (BTI) are off 19%, 22% and 25%, respectively, since the start of 2018. Tobacco stocks have underperformed the S&P 500 by 2,500 basis points year to date, writes Stifel's Christopher Growe, but he still think that the fundamental outlook for the group remains "robust," thanks to growing earnings and dividends, and the Food and Drug Administration's less-than-swift move toward regulatory change. Growe argues that the second quarter will show strong pricing for tobacco companies, with a stabilization of Marlboro volumes, and a "return to the historical rate of decline for the cigarette industry (down 3.5%) calming many investors’ fears." He writes that e-vapor product volumes accelerated in the quarter, and cigarette volumes improved sequentially.
Corporate cash piles at EMEA non-financial companies topped $1 trillion for the second consecutive year in 2017, despite their net M&A spending jumping to a seven-year high, says Moody's Investors Service in a report published today.
Richmond, Virginia headquartered Altria Group Inc.'s stock finished Tuesday's session 1.28% higher at $58.76. A total volume of 9.51 million shares was traded, which was above their three months average volume of 8.38 million shares.
South Africa has become one of the world’s biggest markets for illicit cigarette sales and is losing about 7 billion rand ($510 million) a year through related tax evasion, according to a report published by the country’s producer-funded Tobacco Institute. While Africa’s most industrialized economy has long struggled to prevent cigarettes being smuggled from neighboring Zimbabwe, domestic manufacturers are now increasing production, according to Tobacco Institute Chairman Francois Van der Merwe. “Taxes of at least 17.85 rand have to be paid on every pack of cigarettes in South Africa,” Van der Merwe said in an interview ahead of the report’s publication Thursday.
Juul e-cigarettes' sales are booming. Juul Labs is raising $1.2 billion, valuing the company at $15 billion, Bloomberg reported last week. It's no secret that Juul has dominated the e-cigarette market over the past year, but just how much it has dominated is eye-popping.
Investors pursuing a solid, dependable stock investment can often be led to British American Tobacco plc (LON:BATS), a large-cap worth UK£84.48b. Big corporations are much sought after by risk-averse investorsRead More...
The bank says it has “sensed a desire” from BAE to raise its self-funded research-and-development budget, possibly by about GBP100 million, partly to address near-term opportunities similar to the amphibious assault vehicle contract, which is potentially worth $1.2 billion. The catch is that such an increase in R&D will weigh on the company’s earnings growth and consequently BAE has been unwilling to commit to the expenditure, Jefferies says.
British American Tobacco Plc said the rapid growth of tobacco-heating products in Japan has slowed, adding to doubts that the category can offset the decline in traditional cigarettes. Market share gains of BAT’s Glo device have stalled over the last seven weeks, after the tobacco-heating product hit a 4.3 percent share of Japan’s tobacco market during its first six months on sale, the London-based company said Tuesday. The outlook for next-generation products had become cloudier after Philip Morris International Inc. said in April that it was struggling to persuade older Japanese smokers to switch to its heated-tobacco device, iQOS.
British American Tobacco (BATS.L) said on Tuesday it expects to weather a weaker pound and a slowing market for tobacco-heating devices in Japan to report "good" earnings growth for the full year. The world's second-biggest international tobacco company by revenue said that trading in the first half of the year was in line with expectations and that adjusted revenue and profit growth would be weighted to the second half. The maker of Lucky Strike and Dunhill cigarettes said "good adjusted constant currency EPS growth" was expected to be impacted by a significant currency translation effect of around 9 percent for the first half and 6 percent for the full year, at current spot rates.
WallStEquities.com has selected the following stocks for review: Altria Group Inc. (NYSE: MO), British American Tobacco PLC (NYSE: BTI), Philip Morris International Inc. (NYSE: PM), and Vector Group Ltd (NYSE: VGR). Richmond, Virginia headquartered Altria Group Inc.'s stock finished Wednesday's session 0.04% lower at $56.31.
Tobacco giant R.J. Reynolds, which markets best-selling menthol brand Newport, has poured nearly $12 million into opposing the measure.
British American Tobacco pl.c. (LSE:BATS), a large-cap worth UK£87.13B, comes to mind for investors seeking a strong and reliable stock investment. Market participants who are conscious of risk tend toRead More...
ISLAMABAD/NEW DELHI (Reuters) - Philip Morris International Inc and British American Tobacco Plc lobbied Pakistan's government to not implement bigger health warnings on cigarette packs, in what officials say was part of an industry-wide campaign that successfully persuaded Islamabad to water down a proposal designed to save lives. In Pakistan, where the government estimates tobacco kills more than 100,000 people a year, Philip Morris launched a lobbying campaign that included letters to and a meeting with the country's prime minister on blocking larger health warnings and controlling illicit trade of cigarettes.
ISLAMABAD/NEW DELHI, May 29 (Reuters) - Philip Morris International Inc and British American Tobacco Plc lobbied Pakistan's government to not implement bigger health warnings on cigarette packs, in what officials say was part of an industry-wide campaign that successfully persuaded Islamabad to water down a proposal designed to save lives. In Pakistan, where the government estimates tobacco kills more than 100,000 people a year, Philip Morris launched a lobbying campaign that included letters to and a meeting with the country's prime minister on blocking larger health warnings and controlling illicit trade of cigarettes.
At the end of May 21, Altria Group (MO) was trading at $55.64, a decline of 22.1% from the beginning of this year. In Q1 2018, the company had posted adjusted EPS (earnings per share) of $0.91 on net revenues of $4.7 billion. Analysts were expecting EPS of $0.80 on revenues of $4.8 billion. Although Altria outperformed analysts’ EPS estimate, the stock price of the company declined due to a dip in cigarette shipment volumes of 4.2%. Also, the uncertainty surrounding the long-term potential of Philip Morris International’s iQOS has made investors skeptical about Altria’s future earnings.