56.57 0.00 (0.00%)
Pre-Market: 5:18AM EDT
|Bid||56.09 x 100|
|Ask||56.57 x 1000|
|Day's Range||56.46 - 57.43|
|52 Week Range||56.09 - 77.79|
|PE Ratio (TTM)||10.65|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||2.80 (4.42%)|
|1y Target Est||77.07|
Don't fret about rising interest rates, Jim Cramer told his Mad Money viewers Monday. All day Monday, investors worried as the 10-year Treasury inched toward a 3% yield, as if 3% is some magic number whereat the markets just plunge to zero. Seasoned investors can recall Treasuries with yields twice that high and the stock market did just fine.
"Mad Money" host Jim Cramer addresses the recent pain in cigarette manufacturers' stocks and shares his outlook on the tobacco business. Cramer tracks how electronic cigarette makers like Juul Labs are stifling business at traditional cigarette makers. Last week, CNBC's Jim Cramer watched the long-standing tobacco sector get obliterated as Wall Street sentiment on the space turned starkly negative.
Analysts expect Philip Morris International (PM) to post revenue of $32.5 billion in the next four quarters, 9.8% higher than the $29.6 billion seen in the last four quarters. The growth is expected to be driven by price variance and RRP (reduced-risk product) sales and offset by a decline in cigarette shipment volumes. In 2018, Philip Morris expects pricing variance for combustible tobacco products to be favorable, by 7%. In 2018, its expects RRP revenue to rise 80%–90% from the $3.6 billion seen in 2017 as the company continues to expand product availability.
Philip Morris International (PM) posted revenue of $6.9 billion in 1Q18, missing analysts’ expectation of $7.0 billion. A deacceleration in iQOS sales led to lower-than-expected sales in 1Q18. However, the company’s 1Q18 revenue was 13.7% higher than the $6.1 billion it reported in 1Q17.
Philip Morris International (PM) posted its 1Q18 earnings before the market opened on April 19, 2018. The company reported adjusted EPS (earnings per share) of $1 on revenue of $6.9 billion. The company’s EPS rose 2.0% YoY (year-over-year), while its revenue rose 13.7%.
The idea of marijuana exchange traded funds (ETFs) is undoubtedly intoxicating, no pun intended. However, just one dedicated marijuana ETF trades in the U.S. You read that right. The world’s largest ETF market — by a wide margin — only has a single dedicated marijuana ETF.
Some analysts say that a shift toward vaping among pot users could make the marijuana business an opportunity for big tobacco firms like Altria Group and Turning Point Brands.
Philip Morris International Inc. (NYSE:PM) shares fell off a cliff on April 19 after the company reported disappointing earnings. The fall was bigger than the disappointment, but it seemed to portend trouble for tobacco generally and took the whole consumer staples sector of the market down with it. The company — which sells exclusively outside the U.S. and spun-out from Altria Group Inc (NYSE:MO) in 2008 — had net income of $1.65 billion, $1.00 per share, on revenue of $6.9 billion.
Weak shipment volumes stemming from declining cigarette sales have long been a hurdle for firms in the tobacco space. However, RRPs are likely to continue expanding.
Zacks Investment Ideas feature highlights: Phillip Morris International, Altria and British American Tobacco
NEW YORK, NY / ACCESSWIRE / April 20, 2018 / It was a depressing day for tobacco stocks Philip Morris and Altria on Thursday. Philip Morris delivered lackluster results for the first quarter and Altria ...
To cement the concept in your pretty little heads, just take a look at the Bloomberg Commodity Index over the past year, as dollar valuations have declined. Does not anyone else feel that increasing short-term rates on schedule while drawing liquidity from the economy on an incrementally increasing basis is the least bit dangerous?
After its stock fell the most in a decade on Thursday, Philip Morris International Inc.’s challenge is to convince baby boomers to switch from cigarette smoking to a distinctly millennial activity -- fiddling ...
Philip Morris International is struggling to persuade people to stop smoking cigarettes. In Japan, the over-50s are still setting fire to cancer-causing sticks like there is no tomorrow. Its shares fell as much as 18 per cent, their worst decline since it split from Altria in 2008.
Wall Street's three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. The market pared some losses late in the session after Bloomberg reported that Deputy Attorney General Rod Rosenstein told President Donald Trump last week he is not a target of Special Counsel Robert Mueller’s Russia investigation.
Weak revenue growth from Philip Morris and concerns about its vape product sent both tobacco stocks lower.
Jim Cramer addresses the recent pain in cigarette manufacturers' stocks and shares his outlook on the tobacco business.
NYU Langone Medical Center Professor Dr. Marc Siegel on the decline in opioid prescriptions filled this year and a report on the decline in smoking.