|Bid||84.49 x 1300|
|Ask||84.51 x 900|
|Day's Range||82.63 - 87.45|
|52 Week Range||64.67 - 92.74|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||16.64|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||4.56 (5.16%)|
|1y Target Est||91.35|
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar and who gains and loses.
Philip Morris Beat Analysts' ESP and Revenue Expectations in Q1(Continued from Prior Part)Stock performancePhilip Morris International (PM) outperformed analysts’ revenue and EPS expectations in the first quarter. Despite strong first-quarter
The tobacco giant was trading down, as concerns about potential legislation overshadowed better-than-expected first-quarter results.
Speaking at an event Thursday in his home state of Kentucky, the second biggest tobacco producer after North Carolina, the Republican leader said he plans to introduce legislation in May and expects it will get bipartisan support in the Senate. McConnell said he is motivated partly by the growing popularity of vaping products among young people, which studies have shown can affect brain development and yield higher rates of addiction to other drugs.
Philip Morris earnings for the first quarter of the year have PM stock dipping lower on Thursday.Source: Shutterstock Philip Morris (NYSE:PM) reported revenue of $6.75 billion for the first quarter of 2019. This is a drop from the company's revenue of $6.90 billion reported in the same period of the year prior. However, this does have it beating Wall Street's revenue estimate of $6.74 billion for the quarter, but that didn't keep PM stock from dropping.The Philip Morris earnings report for the first quarter of the year also has earnings per share coming in at $1.09. This is up from its earnings per share of $1.00 from the first quarter of 2018. It also comes in above analysts' earnings per share estimate of 97 cents for the period, but PM stock is still down on Thursday.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNet income reported in the Philip Morris earnings release for the first quarter of 2019 comes in at $1.35 billion. This is down from the company's net income of $1.56 billion reported during the same time last year.Philip Morris earnings for the first quarter of the year also include operating income of $2.05 billion. The company's operating income from the first quarter of the previous year was $2.43 billion. * 5 Dividend Stocks Perfect for Retirees All of this is good news for Philip Morris. So why is PM stock slipping today? The drop may have to do with proposals to increase the smoking age in several states. These proposals come as the government considers ways to reduce teen vaping numbers.PM stock was down slightly as of noon Thursday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Philip Morris Earnings: PM Stock Ticks Lower Following Q1 Report appeared first on InvestorPlace.
Philip Morris Beat Analysts' ESP and Revenue Expectations in Q1First-quarter performance Philip Morris International (PM) reported its first-quarter results on April 18. For the quarter ending on March 31, the company posted an adjusted EPS of $1.09
Cigarette maker Philip Morris reports first-quarter earnings that handily beat Wall Street forecasts amid strong demand for both combustible and e-cigarette products.
Tobacco stocks fell Thursday, after Senate Majority Leader Mitch McConnell (Repub-Ky.) said he would introduce legislation that would raise the age to buy tobacco from 18 to 21. The new age limit would apply to all vaping and tobacco products, although young members of the military would be exempted. The news comes after a long campaign by outgoing Food and Drug Administration Commissioner Scott Gottlieb to crack down on teen vaping. Altria Group Inc. shares fell 2.7%, while Philip Morris International Inc. was down 1.1%. U.S.-listed shares of British American Tobacco fell 1.3%.
Philip Morris' (PM) Q1 results benefit from pricing and improved results from the RRPs category. However, the combustible unit continues to be weak.
While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.
Shares of Philip Morris International Inc. edged up 0.1% in premarket trade Thursday, after the cigarette seller beat profit expectations, but provided a downbeat outlook. Net income fell to $1.35 billion, or 87 cents a share, from $1.56 billion, or $1.00 a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS rose to $1.09 from $1.00, above the FactSet consensus of 98 cents. Net revenue fell 2.1% to $6.75 billion, compared with the FactSet consensus of $6.74 billion. Total cigarettes shipment volume was flat at 164.3 billion units, while heated tobacco units volume grew 20.2% to 11.5 billion units. Within cigarettes, Marlboro shipments rose 3.4% to 60.0 billion units. For 2019, the company expects adjusted EPS to rise to $5.09 from $4.84, below the FactSet consensus of $5.18. The stock has rallied 28% year to date, while the S&P 500 has gained 16%.
On a per-share basis, the New York-based company said it had profit of 87 cents. Earnings, adjusted for non-recurring costs, were $1.09 per share. The results exceeded Wall Street expectations. The average ...
Revises 2019 Full-Year Reported Diluted EPS Forecast to at Least $4.87 versus $5.08 in 2018, Reflecting Currency-Neutral Like-for-Like Adjusted Diluted EPS Growth of at Least 8%
Investing.com - Philip Morris (NYSE:PM) reported first quarter earnings that Beat analysts' expectations on Thursday and revenue that topped forecasts.
Investing.com -- U.S. stock markets were set to open lower on Thursday, after weak European data and reports of a new North Korean weapons test challenged assumptions that the macro backdrop is changing for the better.
Cigarette maker Philip Morris International Inc. is expected to announce earnings on Thursday. For the quarter that ended March 29, Philip Morris is expected to post quarterly earnings of $1.01 per share in its upcoming report. Philip Morris will also hype the company's IQOS heat-not-burn device, currently being sold in about 44 countries.
Wells Fargo’s Bonnie Herzog thinks there is “potential upside to first-quarter results” and her EPS estimate of $1 is a penny higher than the consensus estimate.
While sin stocks are traditionally thought of as a recessionary hedge -- in part, due to generous dividends paid by some -- they can also serve as macro and special situation plays. History has shown that investing in casinos, alcohol beverage makers and cigarette manufacturers can net you a nice return.This is especially true when you consider that the USA Mutuals Vice Fund Investor Class Shares (MUTF:VICEX) has actually outperformed the S&P 500 year-to-date; the former is up 21%, while the broad index is up 17.5%. There's a good reason to believe that selecting certain securities with better than average growth profiles and macro tailwinds will do better than both. * 10 Stocks That Are Screaming Buys Right Now The new addition to vice stocks is, of course, cannabis but some of the old "sins" are still worth a look too. With all of that said, here are three sin stocks to consider now, including a play on the marijuana space.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wynn Resorts (WYNN)Source: Aurlmas via Flickr (Modified)Just this week, Wynn Resorts (NYSE:WYNN) ended its intention to pursue a potential $7 billion buyout of James Packer's Crown Resorts Ltd, Australia's largest casino operator after news of these discussions were leaked.I view this as positive news. WYNN would have bought a company with little expectation of expansion beyond the Australian market. The termination of the deal means that WYNN can redirect energy and cash toward the next growth region: Japan. While the yen has depreciated in keeping with Abenomics, it's not exactly a cheap currency or a cheap place to do business. A Japanese resort would cost billions of dollars (estimated at 10 billion). That $7 billion can now be repurposed to a market that has much more potential.Macau, which accounts for 69% of WYNN's business, has seen signs of revival. March revenues in Macau casinos hit a high of $3.2 billion for the year, which "according to Macau's Gaming Inspection and Coordination … [was] the highest figure recorded so far in 2019." Even though the figure is a 0.4% decline over the prior year, it beat analyst expectations for up to a 6% decline due to the trade war. WYNN shares rallied in response. With China humming along smoothly, Macau revenues should continue in line.All in all, things are looking brighter for WYNN, even in a post-Steve Wynn world. Although global growth may be slowing, WYNN's focus in Asia and the strengthening of its core Macau market will serve shareholders well. Aurora Cannabis (ACB)Source: Shutterstock Aurora Cannabis (NYSE:ACB) had a productive second quarter and the company continues to expand rapidly on the manufacturing front as well as management. ACB has been bulking up with senior management, especially on the strategy side.All metrics are trending positively (SG&A should catch up with Aurora Sky). Net revenue of $54.2 million, is up 83%, and up 363% compared to the same period in 2018, driven by a promising launch in the Canadian consumer market that contributed $21.6 million in sales. The number of kilograms sold was up 162%.ACB has been seeing an uptick in demand with a rosy 2019 outlook to back it up. With Aurora Sky operating at scale, the cash cost associated with producing each gram of cannabis will be significantly lower -- estimated long-term costs are below $1 per gram. This bodes well for improvements in profitability.Management has indicated that if they remain disciplined, they could "achieve sustained positive EBITDA beginning in fiscal Q4 2019 (calendar Q2 2019)." * 7 Stocks to Buy for Spring Season Growth Finally, with all the M&A going on in the cannabis space, especially companies that are traded on the major U.S. exchanges, it would not be a surprise to see ACB get snapped up in the next 12 months. Philip Morris International (PM)Source: Shutterstock For an out-of-favor industry, Philip Morris International's (NYSE:PM) 2018 results were exceptionally strong.Diluted earnings-per-share were up 31% year-over-year on net revenues of $29.6 billion. This was in the face of unit shipment volume decreasing 2.1%.Lower cigarette shipment volume was offset by significant growth in heated tobacco unit shipment volume, indicating that PM has been right to invest in smokeless alternatives. Their foresight has been paying off and will continue to do so.Furthermore, on the smokeless front, PM announced last month the results of a new study on e-cigarettes. The six-month study assessed the biological response of mice exposed e-cigarette vapors compared with that of cigarette smoke. It concluded that "e-cigarette vapors with and without nicotine induced a significantly lower biological responses associated with cardiovascular and pulmonary diseases than cigarette smoke."Digging further into the numbers, annual reported operating cash flow of $9.5 billion gives assurance that the dividend isn't in danger despite a couple of unfavorable class action rulings in Canada. It's 5.3% yield is mighty attractive in a world where the U.S. 10-Year yields just 2.5%.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 3 Sin Stocks to Double Down On appeared first on InvestorPlace.
Billionaire and philanthropist Georoge Soros was born in Hungury in 1930, lived through Nazi occupation, and made his fortune on Wall Street through his hedge fund Soros Fund. Soros has become one of the richest investors in history and a billionaire many times over due to his investing approach. Given that the government requires big institutions to […]