|Bid||82.10 x 100|
|Ask||82.11 x 100|
|Day's Range||80.65 - 83.58|
|52 Week Range||80.65 - 123.55|
|PE Ratio (TTM)||21.06|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||4.28 (4.16%)|
|1y Target Est||120.06|
Consumer-staples stocks are falling again on Tuesday, on the heels of last weeks' big tumble, as the pain from Philip Morris International's (PM) disappointing tobacco volumes still hasn't subsided. The Consumer Staples Select Sector SPDR ETF (XLP) is falling 0.2% to$50.33 this morning, while Philip Morris is down 2% to $82.04. Cowen & Co.'s Vivien Azer reiterated an Outperform rating and $105 price target on the stock, writing that while trends for IQOS, its heated tobacco product, in Japan were disappointing, global survey results give her confidence in her constructive stance on the stock.
Due to its high visibility in Philip Morris International’s (PM) earnings, we have opted for the forward PE (price-to-earnings) multiple. Forward PE multiples are calculated by dividing companies’ current stock prices by analysts’ earnings estimates for the next four quarters.
Philip Morris International (PM) posted adjusted EPS (earnings per share) of $1 in 1Q18, 2.0% higher than its EPS of $0.98 in 1Q17, and higher than analysts’ expectation of $0.90. In 1Q18, the company’s EPS were driven by revenue growth and currency exchange, and partially offset by net margin contraction.
Philip Morris International (PM) had gross, EBIT (earnings before interest, and tax), and net margins of 61.8%, 35.2%, and 22.6%, respectively, in 1Q18, compared with 64.1%, 39.5%, and 26.2%, in 1Q17.
"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.
The usually reliable Altria Group Inc (NYSE:MO) is off to a horrific start this year, with MO stock shedding 18%. For technical analysts, the recent break below $60 was highly discouraging. In short, MO stock must regain its footing quickly due to the significant technical damage.
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%.
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.
Shares of Philip Morris International (PM) are down again Friday, after they were the worst performer in the S&P 500 on Thursday, following its mixed first-quarter earnings. Investors worried that its new tobacco products are not growing quickly enough (although others saw a buying opportunity). Bank of America Merrill Lynch analyst Lisa Lewandowski downgraded the shares to Underperform from Neutral and cut her price target to $88 from $113, writing that she is more cautious on IQOS, the company’s electronic tobacco-delivery system, and the unexpected slowdown in Japanese demand.
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.
The positive earnings flow continued Friday as General Electric Company (NYSE: GE) became the latest major company to beat Wall Street analysts’ earnings-per-share projections, though it missed on revenue. Shares of the struggling industrial conglomerate rose more than 3 percent in pre-market trading, while the overall market appeared to have a mixed tone going into the final day of this action-packed week. The power market continues to be challenging for GE, with revenue there taking another big hit in Q1.
The positive earnings flow continued Friday as General Electric became the latest major company to beat Wall Street analysts’ earnings-per-share projections, though it missed on revenue. Shares of the struggling industrial conglomerate rose more than 3% in pre-market trading, while the overall market appeared to have a mixed tone going into the final day of this action-packed week. The power market continues to be challenging for General Electric, with revenue there taking another big hit in Q1.
Philip Morris International Inc. (NYSE: PM ) sunk 15.6 percent Thursday after posting mixed earnings results, and analysts, although slicing expectations, defended the firm’s fundamentals. The Rating Stifel ...
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.