61.80 -0.15 (-0.24%)
After hours: 5:51PM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||60.96 - 62.10|
|52 Week Range||53.91 - 74.38|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||11.13|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.20 (5.28%)|
|1y Target Est||66.89|
Equity analysts at Wells Fargo (WFC) recently published a research note looking at the potential stocks Warren Buffett (Trades, Portfolio) might be interested in in the current market. Warning! GuruFocus has detected 1 Warning Sign with WFC. What is interesting about the list of companies they ended up with is that while they might be Buffett stocks from a quantitative point of view, almost none would realistically fit into his portfolio.
For the next four quarters, analysts expect Philip Morris International (PM) to post revenue of $29.77 billion, which represents a fall of 2.1% from $30.42 billion in the corresponding four quarters of the previous year. Philip Morris’s management has reiterated its 2018 currency-neutral net revenue growth guidance of 3% driven by favorable pricing variance of ~7% for combustible products partially offset by a decline of 2% in its total cigarette and heated tobacco unit shipment volume. To drive its sales, Philip Morris plans to introduce the next generation of iQOS devices toward the end of 2018 and the HeatSticks variant, which features a strong taste.
In the third quarter, Philip Morris International (PM) posted revenue of $7.50 billion, outperforming analysts’ expectation of $7.17 billion. Year-over-year, the company’s revenue grew 0.4%. However, excluding unfavorable currency, the company’s revenue grew by 3.3% driven by favorable pricing of ~8.0% in the combustible products business, partially offset by a decline in total shipment volume of 2.1%. Excluding unfavorable estimated distributor inventory movements, the total shipment volume increased by 1.1%.
Philip Morris International (PM) posted its third-quarter earnings on October 18. The company posted adjusted EPS (earnings per share) of $1.44 on revenues of $7.50 billion. Year-over-year, the company’s EPS grew by 13.4%, while its revenue increased by 0.4%.
In many respects, the top tobacco stocks defy logic. The cannabis industry. Long illegal throughout the world, marijuana continues to gain both acceptance and legal status. This industry could easily become a new profit center for tobacco companies.
The Zacks Analyst Blog Highlights: Altria, Coca-Cola, PepsiCo, Constellation and Canopy Growth
Of the 19 analysts that follow Philip Morris International (PM), 52.6% recommend a “buy,” 42.1% recommend a “hold,” and 5.3% recommend a “sell.” On average, analysts have set a price target of $91.69, which represents a potential return of 11.4% from its current stock price of $82.31.
"This all has as much to do with changing consumer behavior and continuing our mission of hiring locally," says Goodwill's regional chairwoman. "Amazon has affected every retailer."
Tobacco stocks are facing an uphill battle when it comes to regulation and public perception, but one Wall Street analyst says tobacco companies have a long track record of success for investors. The Analyst ...
Can Philip Morris Outperform Analysts’ Expectations in Q3 2018? Analysts expect Philip Morris International (PM) to post third-quarter EPS of $1.28, which represents a rise of 0.4% from $1.27 in the third quarter of 2017. From the graph below, we can see that the company has outperformed analysts’ expectations in two of the last four quarters.
Can Philip Morris Outperform Analysts’ Expectations in Q3 2018? Analysts expect Philip Morris International (PM) to post third-quarter revenues of $7.16 billion, a 4.3% drop from its revenues of $7.47 billion in the third quarter of 2017. The impact of unfavorable currency and a decline in cigarette shipment volumes could reduce the company’s revenues during the quarter.
With a declining number of cigarette smokers in the United States, cigarette-makers are looking into opportunities in the fast-growing cannabis industry.
Can Philip Morris Outperform Analysts’ Expectations in Q3 2018? Philip Morris International (PM) is scheduled to announce its third-quarter earnings before the market opens on October 18. On October 12, the company was trading at $82.31, which represents a rise of 0.2% since the announcement of its second-quarter earnings on July 19. In the second quarter, which ended on June 30, Philip Morris posted adjusted EPS of $1.41 on revenues of $7.73 billion.
There’s no question the upcoming U.S. midterm election is one of the most significant near-term catalysts in the market. Here’s a look at what investors can expect from the Nov. 6 elections and which markets ...
The company says it has no deal to announce with Altria Group, after a report that the tobacco giant was taking a stake in the Canadian company.
A report that tobacco giant Altria Group Inc. ( MO) might be keen to buy a stake in marijuana firm Aphria Inc. ( APH) has sparked conflicting views from analysts about the benefits of companies expanding their businesses. In a research note, published shortly after Aphria dismissed claims that it had signed a deal with the holding company of Philip Morris USA, Stifel’s Christopher Growe wrote that tobacco companies have been wise to avoid investing in Canadian pot producers. According to Barron’s, the analyst said that leading marijuana companies are too expensive, trading on an aggregate enterprise value of around $60 billion Canadian dollars, even though their addressable market will be worth just $5 billion Canadian dollars when recreational cannabis becomes legal in Canada Oct. 17.
American tobacco producer Altria, the maker of Marlboro cigarettes, is reportedly in discussions to buy a stake in Canadian cannabis grower Aphria, which would be the first tie-up of its kind.
Altria Group, Inc. will host a live audio webcast on Thursday, October 25, 2018, at 9:00 a.m. Eastern Time to discuss its 2018 third-quarter business results. Altria will issue a press release containing its business results at approximately 7:00 a.m.