|Bid||0.00 x 3200|
|Ask||0.00 x 900|
|Day's Range||81.80 - 82.59|
|52 Week Range||76.21 - 121.69|
|PE Ratio (TTM)||21.35|
|Earnings Date||Jul 19, 2018|
|Forward Dividend & Yield||4.56 (5.52%)|
|1y Target Est||99.00|
As of July 13, Altria Group (MO) was trading at $58.50. From the graph below, you can see that analysts have lowered their price target from $76.43 in April to the current target price of $68.24. The increase in anti-tobacco regulations, a declining number of smokers, and increased competition in RRPs (reduced risk products) appear to have compelled analysts to lower their price targets for Altria.
From the above graph, you can see that Altria’s forward PE multiple has declined since the beginning of 2018. As of July 13, Altria was trading at a forward PE multiple of 14.0x compared to 19.7x at the beginning of 2018. The increase in anti-tobacco regulations, a declining number of smokers, and increased competition in RRPs (reduced risk products) have led to a fall in Altria stock as well as its valuation multiple.
Wall Street analysts are expecting Altria Group (MO) to post EPS of $1.01 in the second quarter, which represents a rise of 18.8% from $0.85 in the second-quarter of 2017. EPS growth is expected to be driven by the expansion of net margins and share repurchases. Analysts are expecting Altria’s net margins to improve from 32.5% to 38.3% due to a decline in cost of sales and a lower effective tax rate.
Wall Street analysts are expecting Altria Group (MO) to post second-quarter revenue, net of excise tax, of $5.02 billion, which represents a fall of 0.9% from $5.07 billion in Q2 2017. To drive sales, Altria has restructured to form two divisions: core tobacco and innovative tobacco products. Altria has also reported that it will be employing a chief growth officer to accelerate the introduction of innovative products and technologies to market.
Altria Group (MO) is scheduled to report its second-quarter earnings before the market opens on July 26. As of July 13, the company was trading at $58.50, which represents a rise of 4.8% since the announcement of its first-quarter earnings on April 26. Altria stock was driven by strong first-quarter earnings when it outperformed analysts’ EPS expectation of $0.80 by posting $0.91. Altria has been struggling in 2018 due to the increase in anti-tobacco regulations and the declining number of smokers.
Philip Morris International (PM) is scheduled to announce its second-quarter results before the market opens on July 19. Its revenue is expected to rise 9.1% YoY (year-over-year) to $7.5 billion. Its EPS are expected to rise 7.9% YoY to $1.2 compared to $1.1 in the second quarter of 2017.
Smucker (SJM) announces a quarterly dividend hike of 9% from 78 cents per share to 85 cents. This marks the company's 17th straight year of dividend hike.
These are some of the main stories in Bulgarian newspapers on Monday. -- The killing of hundreds of sheep and goats following an outbreak of ovine rinderpest was halted by protesters in the village of Sharkovo in southeastern Bulgaria.
Could Philip Morris Meet Analysts’ Expectations in Q2 2018? The forward PE multiple is calculated by dividing the company’s stock price by analysts’ earnings estimates for the next four quarters. On July 11, Philip Morris International (PM) traded at a forward PE multiple of 15.2x compared to 18.7x before it announced its first-quarter earnings on April 19.
Could Philip Morris Meet Analysts’ Expectations in Q2 2018? This expansion is expected to be driven by revenue growth and a lower effective tax rate. Analysts expect Philip Morris’s EBIT margins to fall from 39.3% in the second quarter of 2017 to 38.8%.
Could Philip Morris Meet Analysts’ Expectations in Q2 2018? Wall Street analysts expect Philip Morris International (PM) to post second-quarter revenues, net of excise taxes, of $7.56 billion. This revenue growth is expected to be driven by an increase in product prices and growth in RRP (reduced-risk products) sales.
These are some of the main stories in Bulgarian newspapers on Friday. --Bulgaria plans to increase the excise duty on heated tobacco to 40 percent of the duties levied on cigarettes from current 26 percent as of October, officials said, adding that Philip Morris International's device iQOS that heats but does not burn tobacco has increased its market share in Bulgaria by 50 percent in a year. -- China's Cenntro Automotive Group, together with partners from Bulgaria and Luxembourg will and start assembling electric trucks near the city of Plovdiv, officials said.
Philip Morris International (PM) is scheduled to announce its second-quarter earnings before the market opens on July 19. On July 11, PM stock was trading at $82.84, which represents a fall of 18.3% since the announcement of its first-quarter earnings on April 19.
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.
Investors are lining up behind Juul Labs Inc., a startup that makes electronic cigarettes popular with young people. Juul said in a U.S. securities filing posted Tuesday that it raised $650 million out of a funding round expected to reach $1.2 billion. The deal is set to value the business at about $15 billion, Bloomberg reported last month. Tiger Global and Fidelity Investments are among Juul’s biggest shareholders, according to publicly available disclosures.
Investors shunned the stocks of tobacco companies in the first half of 2018 following the decline in shipment volumes. A deceleration in sales of reduced-risk products further irked investors since these products are meant to accelerate the sales growth rate amid a decline in the smoking rate around the world. The stocks of Philip Morris International (PM) and Altria (MO) fell 23.6% and 20.5%, respectively, in the first six months of 2018 (see graph below) and underperformed the benchmark index (SPY), which increased 1.7% during the comparable period.
As of July 2, Altria Group (MO) was trading at $55.80, and analysts’ 12-month stock price target was $68.57, implying a 22.7% return. On June 26, Morgan Stanley cut its target price from $65 to $63, while Jefferies lowered its target price from $84 to $70 on June 1. Since Altria’s first-quarter earnings announcement, Deutsche Bank, Citigroup, and Berenberg have lowered their price targets for its stock. The dip of 4.2% in Altria’s cigarette shipment volumes and increasing restrictions on tobacco products appear to have prompted analysts to lower their price targets.
Could Altria’s Price Correction Mean a Buying Opportunity? Altria Group (MO) has a strong history of enhancing shareholders’ returns through higher dividends and share repurchases. On May 17, Altria announced dividends of $0.70 per share at an annualized payout of $2.80.
Parallax Development Corp. ("Parallax") and Philip Morris International ("PMI") will join forces to develop innovations in alternative nicotine-delivery platforms. Parallax is a start-up co-founded by two leading Canadian pulmonary physicians focused on developing an inhalable nicotine product to provide less harmful alternatives to people who smoke. PMI's stated ambition is that one out of three of its current consumers — that's 40 million men and women who currently smoke — will switch to its better alternatives by 2025.
E-cigarette maker Juul Labs Inc is raising $1.2 billion in a financing round that would value the company at $15 billion, Bloomberg reported on Friday, citing people familiar with the matter. The company, ...
Phillip Morris (PM) joins hands with Parallax to develop and expand reduced-risk products in order to counter strict government regulations and changing consumer trends due to health hazards.
The World Health Organization welcomed Australia's victory in a landmark tobacco control case on Thursday, saying the ruling by the World Trade Organization was likely to accelerate implementation of "plain ...